India, June 18 -- Gold futures prices declined on Thursday, pressured by weak global market trends and subdued demand in the domestic spot market.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery fell by Rs 1,593, or 1.04 per cent, to Rs 1,52,286 per 10 grams, with a business turnover of 819 lots.
Market analysts said the decline in gold prices was primarily driven by negative global cues, which dampened investor sentiment and triggered selling in the precious metal. Weak spot demand further added to the pressure on domestic gold futures.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....