KUALA LUMPUR: Gold futures ended lower yesterday as unfavourable external developments reduced investors’ appetite for gold investment.
Phillip Futures dealer Ahmad Danial Zainudin said the firmer dollar had negatively affected the gold market.
At the close, November 2014 and January 2015 lost 12 ticks each to RM129.35 a gramme and RM130.05 a gramme respectively, while December 2014 fell six ticks to RM129.75 a gramme.
Open interest fell to 2,070 contracts from 2,152 contracts previously, while turnover decreased to 213 lots worth RM2.76 million from 284 lots worth RM3.692 million on Tuesday.
At 5pm, the physical price of gold was 92 sen lower at RM124.32 a gramme from RM125.24 a gramme previously.
Bernama