Gold Futures Decline Amidst Weak Demand and Profit Booking

Gold futures experience a decline due to subdued demand
New Delhi, April 22 (PTI) Gold prices witnessed a downturn on Monday, dropping by Rs 913 to reach Rs 71,888 per 10 grams in futures trading on the Multi Commodity Exchange as profit booking prevailed.
Gold contracts for June delivery on the MCX traded down by Rs 913 or 1.26 per cent, standing at Rs 71,888 per 10 grams, with a business turnover of 20,427 lots.
Analysts attribute this decline in gold prices to weak global cues and profit booking at higher levels.
Internationally, gold saw a 1.78 per cent increase, trading at USD 2,370.80 per ounce in New York.

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