Business Standard

Gold futures weaken on low demand

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Press Trust of India New Delhi

Gold futures traded lower by Rs 129 to Rs 37,845 per 10 gram on Thursday due to profit-booking by participants on low demand.

Gold for delivery in October was trading lower by Rs 129, or 0.34 per cent, to Rs 37,845 per 10 gram in a business volume of 3,447 lots.

Analysts said, the fall in gold futures was mostly attributed to profit-booking by participants at the domestic market.

Globally, however, gold prices rose 0.04 per cent to USD 1,503.80 an ounce in New York.

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First Published: Sep 12 2019 | 12:35 PM IST

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