India, June 16 -- Gold prices declined in futures trade on Tuesday, weighed down by weak global trends and softer demand in the spot market.
On the Multi Commodity Exchange (MCX), gold contracts for August delivery fell Rs 358, or 0.23%, to Rs 1,52,558 per 10 grams, with a business turnover of 8,822 lots.
Market analysts said the decline in gold prices was largely driven by negative global cues, which dampened sentiment in the precious metals market and prompted traders to trim positions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....