Gold futures slip to Rs 1,41,274/10g

Gold prices on Wednesday dropped by Rs 983 to Rs 1,41,274 per 10 grams in futures trade amid uncertainties in West Asia.

On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 983, or 0.69 per cent, at Rs 1,41,274 per 10 grams in a business turnover of 1,289 lots.

“Gold prices dropped in the domestic markets on Wednesday as geopolitical tensions surrounding the Iran conflict intensified, affecting investor sentiment,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk.

Globally, gold futures declined by 0.55 per cent to $4,030.36 per ounce in New York.