India, May 27 -- Gold futures traded lower on Wednesday as investors adopted a cautious stance amid ongoing US-Iran peace talks and concerns over inflationary pressure driven by elevated energy prices.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery declined by Rs 561, or 0.36 per cent, to Rs 1,57,055 per 10 grams with a turnover of 4,436 lots.
Meanwhile, the August gold contract fell by Rs 521, or 0.32 per cent, to Rs 1,60,340 per 10 grams, with business turnover standing at 5,338 lots.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....