Gold futures decline to ₹1,63,109/10gm
On MCX, the yellow metal contracts for October delivery traded lower by ₹120, or 0.07% at ₹1,63,109 per 10 grams in a business turnover of 1,595 lots.
On Tuesday, the price of gold futures experienced a decline to ₹1,63,109 per 10 grams in the futures market, as spot demand waned. The Multi Commodity Exchange reported that October delivery contracts for the yellow metal slipped by Rs 120, or 0.07 percent, settling at Rs 1,63,109 per 10 grams. The trading volume for these contracts stood at 1,595 lots.
Analysts pointed to the weaker spot demand as the primary reason behind the depreciation in the value of gold. On an international front, gold futures also experienced a decline of 0.23 percent, settling at USD 4,641.42 per ounce in New York.
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