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BW Businessworld

Gold Futures Fall On Low Demand

Gold contracts for the October delivery traded lower by Rs 98, or 0.21 per cent, to Rs 47,486 per 10 gram in a business turnover of 11,947 lots.

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Gold prices fell Rs 98 to Rs 47,486 per 10 gram in the futures trade on Tuesday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for the October delivery traded lower by Rs 98, or 0.21 per cent, to Rs 47,486 per 10 gram in a business turnover of 11,947 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, gold traded 0.18 per cent lower to USD 1,803 an ounce in New York.

(PTI)


Tags assigned to this article:
gold prices gold demand trends brent crude