Gold futures decline to ₹1.41 lakh/10 gram
On the Multi Commodity Exchange, the yellow metal contracts for December delivery traded lower by ₹976, or 0.68%, at ₹1,41,620 per 10 grams in a business turnover of 3,117 lots
Gold futures prices fell to ₹1.41 lakh per 10 grams on Friday as spot demand diminished, according to the Multi Commodity Exchange. The December delivery contracts for the yellow metal slipped by ₹976, or 0.68 per cent, to the new lower price point. In a trading volume of 3,117 lots, the decline in precious metal prices was attributed to reduced demand in the spot market. On an international level, gold futures experienced a similar drop of 0.93 per cent, settling at USD 3,983.99 per ounce in New York.
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