India, April 23 -- Gold futures ended their four-day winning streak on Wednesday, plunging by Rs 1,975 or 2.03 per cent to Rs 95,365 per 10 grams, as investors locked in profits following a rally to record highs, as per MCX data.
On the Multi Commodity Exchange, gold contracts for June delivery slipped to Rs 95,365 per 10 grams, with a business turnover of 18,885 lots.
Rahul Kalantri, Vice-President of Commodities at Mehta Equities Ltd, attributed the sharp correction to profit booking triggered by a more conciliatory tone from US President Donald Trump, especially regarding the Federal Reserve and trade relations with China.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....