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Gold Prices Tumble: Futures Drop by ₹171 Amidst Falling Demand
25 Sep
Summary
- Gold futures saw a decrease of ₹171 for October delivery.
- Weaker spot demand was identified as the primary reason for the decline.
- Global gold futures also experienced a slight dip of 0.25 percent.
Gold futures trading for October delivery experienced a decline of ₹171, reaching ₹1,51,128 per 10 grams on Thursday. This drop, representing a 0.11 percent decrease, occurred amidst a noticeable fall in spot demand for the precious metal.
Market analysts pointed to the weaker spot demand as the primary driver behind the downturn in gold prices. This trend was not isolated to domestic markets, as global gold futures also mirrored the decline, slipping by 0.25 percent to $4,277 per ounce in New York.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
