Gold futures traded lower on Wednesday due to weak spot demand in India. The yellow metal contracts for October delivery dropped by 1.31% in 2,680 lots on the MCX exchange. This decline came as gold prices fell by Rs 2,045 to Rs 1,54,236 per 10 grams in futures trade.
The global market also saw a decline in gold futures, with prices dropping 0.51% to $4,432.51 per ounce in New York.
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