Gold futures decline to ₹1,54,236/10gm
Gold prices decline on a fall in spot demand
Gold prices plummeted by ₹2,045 to ₹1,54,236 per 10 grams in futures trading on Monday due to a reduction in spot market demand. The Multi Commodity Exchange recorded a decline of ₹2,045, or 1.31%, in contracts for October delivery, settling at ₹1,54,236 per 10 grams in a volume of 2,680 lots. Analysts cited the fall in demand as the primary reason for the drop in metal prices. Internationally, gold futures also experienced a 0.51% decrease, reaching $4,432.51 per ounce in New York.
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