Gold Futures Close Lower

KUALA LUMPUR, Nov 11 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower today on subdued demand, tracking losses in the US COMEX gold market.

Spot month November 2024 fell to US$2,674.70 per troy ounce from US$2,692.70 per troy ounce last Friday.

Meanwhile, the December 2024, January 2025, February 2025 and April 2025 contracts all settled lower at US$2,687.00 per troy ounce from US$2,705.60 last week.

Trading volume fell to five lots from 15 lots on Friday, while open interest slid to 18 contracts from 31 previously.

According to the London Bullion Market Association’s afternoon fix on Nov 8, the price of physical gold was at US$2,691.15 per troy ounce.

-- BERNAMA