Gold futures remain weak and shed 0.26 per cent on the Multi Commodity Exchange today on sustained selling by speculators in line with weakening global.
Reduced domestic offtake due to off-marriage and festival season also supported the downtrend.
Gold for the most active October month contract fell by 0.26 per cent to Rs 14,448 per ten gram on the MCX counters at 1210 hours with an open interest of 941 lots.
Similarly, the metal for delivery in August month contract declined by 0.24 per cent to Rs 14,445 per ten gram with an open interest of 15,769 lots.
Marketmen said apart from weakening global trend fall in domestic demand due to off-marriage and festival season mainly led to fall in gold prices at futures market here.
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