New Delhi, May 14 – Gold prices declined by Rs 107 to Rs 93,540 per 10 grams on Wednesday in futures trade, influenced by bearish trends in the global market.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery fell 0.11 percent, or Rs 107, with a total trade volume of 12,275 lots.
Market analysts pointed to weak global cues as the primary reason behind the decline.
In international markets, gold futures dropped by 0.75 percent to USD 3,226.02 per ounce on the New York exchange, further reflecting the pressure on prices.
The slip in both domestic and international rates suggests subdued investor sentiment, possibly linked to global economic indicators and dollar movement.
