Daijiworld Media Network – New Delhi
New Delhi, Jun 17: Gold prices fell by Rs 561 to Rs 1,52,530 per 10 grams in futures trade on Wednesday, weighed down by weak spot demand and subdued global trends.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery slipped Rs 561, or 0.37 per cent, to trade at Rs 1,52,530 per 10 grams. The contract recorded a business turnover of 613 lots.
Market analysts attributed the decline in gold prices to weak domestic demand as well as negative cues from the international market.
In the global market, gold futures were trading 0.14 per cent lower at USD 4,325.04 per ounce in New York, reflecting cautious investor sentiment.
The fall in international prices also influenced domestic bullion markets, leading to a decline in gold futures trading during the session.