Gold futures drop to Rs 1,58,466/10g

NEW DELHI: (May 20) Gold prices on Wednesday dropped Rs 614 to Rs 1,58,466 per 10 grams in futures trade amid a fall in spot demand.

On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 614, or 0.39 per cent, at Rs 1,58,466 per 10 grams in a business turnover of 1,191 lots.

Analysts attributed the fall in gold prices to weak global cues.