Gold price today: Futures drop to ₹1,51,128/10gm on MCX
Analysts attribute decline in precious metal prices to weak spot demand
On Thursday, gold futures prices on the Multi Commodity Exchange (MCX) fell to ₹1,51,128 per 10 grams, a decline of ₹171 or 0.11 percent. The October delivery contracts for yellow metal traded lower on a turnover of 867 lots. Analysts cited weaker spot demand as the reason for the drop in precious metal prices. Globally, gold futures experienced a similar decline, falling by 0.25 percent to $4,277 per ounce in New York.
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