#goldpriceanalysis
Gold Prices Drop Amid Weak Global Cues and Decline in Spot Demand
Gold prices fell by Rs 602 to Rs 1,52,050 per 10 grams in futures trading on Monday, primarily due to a decline in spot demand. On the Multi Commodity Exchange, gold contracts for June delivery dropped by Rs 602, or 0.39%, to Rs 1,52,050 per 10 grams, with a business turnover of 1,491 lots. Analysts pointed to weak global cues as the reason for the drop in gold prices. On the international front, gold futures also saw a decline of 0.40%, trading at USD 4,730.59 per ounce in New York
Gold Prices Drop Amid Weak Global Cues and Decline in Spot Demand
Gold prices fell by Rs 602 to Rs 1,52,050 per 10 grams in futures trading on Monday, primarily due to a decline in spot demand. On the Multi Commodity Exchange, gold contracts for June delivery dropped by Rs 602, or 0.39%, to Rs 1,52,050 per 10 grams, with a business turnover of 1,491 lots. Analysts pointed to weak global cues as the reason for the drop in gold prices. On the international front, gold futures also saw a decline of 0.40%, trading at USD 4,730.59 per ounce in New York









