India, March 11 -- Gold prices declined on Wednesday in futures trade, tracking bearish sentiment in international markets amid mixed signals surrounding the ongoing geopolitical tensions in West Asia.
On the Multi Commodity Exchange of India, gold contracts for April delivery fell by Rs 853, or 0.52%, to Rs 1,62,450 per 10 grams, with a business turnover of 7,529 lots.
Analysts noted that the recent rally in precious metal prices lost momentum as uncertainty surrounding the conflict involving the US, Israel, and Iran kept investors cautious, prompting profit booking at higher levels.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....