Gold futures fall on low demand

By: |
November 05, 2021 5:45 PM

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 29, or 0.06 per cent, to Rs 47,524 per 10 grams in a business turnover of 7,922 lots.

Analysts attributed the fall in gold prices to the trimming of positions by participants.Analysts attributed the fall in gold prices to the trimming of positions by participants.

Gold prices fell Rs 29 to Rs 47,524 per 10 grams in the futures trade on Friday, as speculators reduced their positions following low demand.

On the Multi Commodity Exchange, gold contracts for December traded lower by Rs 29, or 0.06 per cent, to Rs 47,524 per 10 grams in a business turnover of 7,922 lots.

Analysts attributed the fall in gold prices to the trimming of positions by participants.

Globally, gold traded 0.09 per cent higher to USD 1,795.20 an ounce in New York.

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