Patna : Gold futures slipped sharply in early trade on Wednesday, signalling a dip in investor confidence in Bihar’s bullion market. The June 2025 gold contract on the Multi Commodity Exchange (MCX) fell by 1.52%, trading at Rs 95,865 per 10 grams as of 10:03 IST — a drop of Rs 1,475 from the previous session’s close of Rs 97,340.
The session witnessed price movement between Rs 95,457 and Rs 96,500, with an average traded price of Rs 95,862.83. Though off recent highs, the contract remains well above the lifetime low of Rs 77,078, but below the record peak of Rs 99,358.
The volume of trade stood at 2,342 lots, while open interest declined by 773 to 20,044 lots — a sign that some traders are choosing to exit positions amid shifting global cues.
Market activity reflected moderate participation in Bihar, with bid and ask volumes closely matched — 348 and 371 lots respectively. Bids ranged from Rs 95,842 to Rs 95,846, while ask prices peaked at Rs 95,873.
With the contract set to expire on June 5, 2025, gold traders in Bihar are expected to remain watchful, especially as seasonal demand from upcoming festivals and weddings begins to pick up. However, the current pullback suggests that short-term caution continues to influence price action.
