BT:Gold price marginally lower in futures trade on subdued demand
Gold price traded marginally lower by Rs 25 to Rs 29,420 per ten grams in futures trade on Wednesday as speculators booked profits amid subdued demand in the spot markets.
Market analysts said off-loading of positions by speculators mainly led to decline in the prices of the yellow metal.
At the Multi Commodity Exchange, gold for delivery in April declined Rs 25, or 0.08 per cent to Rs 29,420 per ten grams in business turnover of 4,796 lots.
Similarly, the metal for delivery in June traded lower by Rs 24, or 0.08 per cent to Rs 29,995 per ten grams in 579 lots.
