Gold futures decline on low demand
MCX gold declined by Rs 185 to Rs 47,587 per 10 grams.
By PTI |
iStock
NEW DELHI: Gold prices fell by Rs 185 to Rs 47,587 per 10 gram in futures trade on Friday as speculators reduced their positions amid low demand.
On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 185, or 0.39 per cent, at Rs 47,587 per 10 gram in a business turnover of 11,109 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants.
Globally, gold traded 0.05 per cent higher at USD 1,782.90 an ounce in New York.
On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 185, or 0.39 per cent, at Rs 47,587 per 10 gram in a business turnover of 11,109 lots.
Analysts attributed the fall in gold prices to trimming of positions by participants.
Globally, gold traded 0.05 per cent higher at USD 1,782.90 an ounce in New York.
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