Gold Prices Plummet 2.07% Amid Weaker Spot Demand
Gold futures prices dropped to Rs 1,50,106 per 10 grams on Monday amid weaker spot demand. The decline was observed in futures trade on the Multi Commodity Exchange, where yellow metal contracts for December delivery traded lower by Rs 3,171, or 2.07 percent.
The business turnover for these contracts was 1,642 lots. Analysts attribute the fall in precious metal prices to decreased spot demand. There are no other comments or views provided in the source regarding this development.