Gold futures decline to ₹1,49,462/10gm
Decline in spot demand pushes gold prices lower
Gold futures prices dropped to ₹1,49,462 per 10 grams on Tuesday, marking a decline of ₹81, according to the Multi Commodity Exchange. The drop in gold prices in the futures market was attributed to a decrease in spot demand. In December delivery contracts, the yellow metal fell by ₹81, or 0.05 percent, to ₹1,49,462 per 10 grams, with a trading volume of 1,950 lots.
Analysts pointed to the weaker demand in the spot market as the reason behind the decline in gold prices. Meanwhile, gold futures in New York experienced a rise of 0.37 percent, reaching $4,187.66 per ounce.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
