Gold futures fall on low demand
The Hindu
Analysts attributed the fall in gold prices to the trimming of positions by participants
Gold prices on October 19 fell by ₹200 to ₹50,214 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange, gold contracts for December delivery traded lower by ₹200 or 0.4% at ₹50,214 per 10 grams in a business turnover of 13,732 lots.
Analysts attributed the fall in gold prices to the trimming of positions by participants.
Globally, gold was trading 0.49% lower at $1,647.70 per ounce in New York.
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