On August 25, gold futures in India fell to Rs 1,63,109 per 10 grams on the Multi Commodity Exchange (MCX) for October delivery. This decline was driven by a decrease in spot demand.
The price drop was also reflected globally, with gold futures declining by 0.23% to USD 4,641.42 per ounce in New York.
Analysts pointed out that the weaker spot demand was the primary reason for the decline in precious metal prices.
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