Gold Futures Close Lower On Profit-Taking

KUALA LUMPUR, Jan 13 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ended lower on profit-taking after the recent increase. 

Spot-month January 2025 contract fell to US$2,689.20 per troy ounce from US$2,692.70 per troy ounce last Friday, while February 2025 contract eased to US$2,699.10 per troy ounce from US$2,703.10 previously. 

The March 2025, April 2025, and June 2025 contracts also closed slightly lower at US$2,706.20 per troy ounce from US$2,707.30 per troy ounce. 

Trading volume rose to 56 lots from 28 lots on Friday, while open interest widened to 71 contracts from 56 contracts previously.

According to the London Bullion Market Association’s afternoon fix on Jan 10, the physical gold price stood at US$2,687.45 per troy ounce.

-- BERNAMA