Gold Futures Slide Amid Diminished Demand

New Delhi – Gold futures witnessed a decline on Monday, with prices slipping by Rs 224 to Rs 73,045 per 10 grams, driven by a reduction in positions by speculators.

According to data from the Multi Commodity Exchange, gold contracts scheduled for August delivery traded lower by Rs 224 or 0.31 percent, settling at Rs 73,045 per 10 grams across a turnover of 12,021 lots.

Analysts pointed to weakened global indicators as the primary factor behind the decrease in gold prices.

Internationally, gold was reported to be trading at USD 2,406.80 per ounce in New York, marking a decline of 0.57 percent.

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