India, June 1 -- Gold futures traded lower on Monday, weighed down by softer demand in the spot market and weak trends in global precious metal markets.
On the Multi Commodity Exchange (MCX), the August delivery contract fell by Rs 1,084, or 0.67 per cent, to Rs 1,59,827 per 10 grams. The contract registered a business turnover of 992 lots during the session.
Market analysts said the decline in gold prices was primarily driven by subdued global sentiment and reduced demand, which prompted traders to trim their positions in the futures market.
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