Gold Futures Drop Rs 1,446 Amid Weak Spot Demand
Yellow metal declines nearly 1% on MCX as global prices remain under pressure

Gold prices fell Rs 1,446 to Rs 1,46,672 per 10 grams in futures trade as weak spot demand and negative global cues weighed on the precious metal.
Gold prices on Tuesday dropped Rs 1,446 to Rs 1,46,672 per 10 grams in futures trade amid a fall in spot demand.On the Multi Commodity Exchange, gold contracts for the August delivery traded lower by Rs 1,446, or 0.98 per cent, at Rs 1,46,672 per 10 grams in a business turnover of 1,730 lots.
Analysts attributed the fall in yellow metal prices to weak global cues. Globally, gold futures declined by 1.51 per cent to USD 4,126.77 per ounce in New York.
( Source : PTI )
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