Commodity Market Update: Gold futures fall on low demand
On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 144 or 0.23 per cent at Rs 62,157 per 10 grams in a business turnover of 12,941 lots.
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Globally, gold was trading 0.36 per cent lower at USD 2,036.80 per ounce in New York. Pic: Reuters
Gold prices on Wednesday declined Rs 144 to Rs 62,157 per 10 grams in futures trade as speculators reduced their positions. On the Multi Commodity Exchange, gold contracts for April delivery traded lower Rs 144 or 0.23 per cent at Rs 62,157 per 10 grams in a business turnover of 12,941 lots.
Analysts attributed the fall in gold prices to weak global cues.
Globally, gold was trading 0.36 per cent lower at USD 2,036.80 per ounce in New York.
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