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Gold futures trade marginally lower on subdued demand

Gold traded marginally lower by Rs 25 to Rs 29,420 per ten grams in futures trade Wednesday as speculators booked profits amid subdued demand in the spot markets.



New Delhi: Gold traded marginally lower by Rs 25 to Rs 29,420 per ten grams in futures trade Wednesday as speculators booked profits amid subdued demand in the spot markets.

At the Multi Commodity Exchange, gold for delivery in April declined Rs 25, or 0.08 percent to Rs 29,420 per ten grams in business turnover of 4,796 lots.

Similarly, the metal for delivery in June traded lower by Rs 24, or 0.08 percent to Rs 29,995 per ten grams in 579 lots.

Market analysts said off-loading of positions by speculators to book profits mainly led to decline in gold prices at futures trade.

PTI

From Zee News

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