KUALA LUMPUR: Gold futures closed lower yesterday in tandem with the benchmark New York Commodity Exchange (COMEX), a dealer said.
He said the gold price was weighed down due to equity markets which were lifted by better than expected economic data from China and Europe.
The market was closed on Wednesday for the Deepavali holiday.
At the close, October 2014, November 2104, December 2014 and January 2015 all eased 13 ticks to RM130.50 a gramme, RM130.85 a gramme, RM131.05 a gramme and RM131.25 a gramme, respectively.
Open interest appreciated to 2,793 contracts from 2,775 contracts on Tuesday and turnover fell marginally to 170 lots worth RM2.22 million from 171 lots worth RM2.24 million previously.
The physical price of gold was up 91 sen to RM128.05 a gramme from RM127.14 a gramme at 5pm on Tuesday. Bernama