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Gold Futures Drop to Rs 149340 Per 10 Grams Amid Weak Demand
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News18•07-10-2026, 16:45
Gold Futures Drop to Rs 149340 Per 10 Grams Amid Weak Demand
- •Gold prices fell by Rs 780 to reach Rs 149340 per 10 grams in futures trade on Wednesday.
- •The decline was primarily driven by a noticeable fall in physical spot demand.
- •On the Multi Commodity Exchange, December delivery contracts traded lower by 0.52 per cent with a turnover of 2432 lots.
- •Global gold futures also experienced a downward trend, dropping 1.17 per cent to USD 4115.31 per ounce in New York.
Key Questions Answered
Gold contracts for December delivery on the Multi Commodity Exchange traded lower by Rs 780, or 0.52 per cent, at Rs 1,49,340 per 10 grams.
Analysts attributed the decline in precious metal prices to a fall in spot demand.
Globally, gold futures declined by 1.17 per cent to USD 4,115.31 per ounce in New York.