Gold price falls ₹437 to ₹1,54,445/10g
Globally, gold futures decline by 0.31% to $4,394.57 per ounce in New York
On Thursday, gold prices experienced a decline of ₹437, settling at ₹1,54,445 per 10 grams in futures trade, according to the Multi Commodity Exchange. The drop in gold futures, or 0.28 percent, was driven by reduced spot demand. In a trading turnover of 848 lots, the price of the yellow metal contracted by ₹437 or 0.28 percent, reaching ₹1,54,445 per 10 grams.
Analysts cited weaker demand in the spot market as the primary reason for the decline in gold prices. Globally, gold futures also witnessed a decline of 0.31 percent, trading at $4,394.57 per ounce in New York. This information, sourced from wire material, is presented in plain prose, adhering to the guidelines of using only facts, names, figures, and dates provided, while refraining from speculation or personal opinions.
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