Kuala lumpur: The gold futures contract on Bursa Malaysia Derivatives ended lower today, tracking the sharp overnight decline in global gold prices as investors booked profits following recent gains.

According to BERNAMA News Agency, CIMB Investment Bank Bhd noted that gold recorded its sharpest decline in five years as investors engaged in profit-taking. The S and P 500 remained relatively unchanged overnight, while gold prices tumbled 5.3 percent to US$4,125 per ounce, marking its steepest daily drop in half a decade. This decline coincided with easing United States-China tensions after Donald Trump expressed optimism for a fair trade deal with Chinese President Xi Jinping.

The bank also highlighted that Trump postponed a planned summit with Russian President Vladimir Putin after Moscow rejected calls for an immediate ceasefire in Ukraine, affecting prospects for renewed negotiations. This geopolitical development further influenced market sentiments.

The spot-month October 2025 contract decreased to US$4,080.30 per troy ounce from US$4,274.60, while the November 2025 contract eased to US$4,097.00 from US$4,291.30. The December 2025 note fell to US$4,113.90 from US$4,308.20 at the previous close. Additionally, the January 2026 contract weakened to US$4,130.90 per troy ounce from US$4,325.20, with the February 2026, April 2026, and June 2026 contracts all settling lower at US$4,147.20 compared to US$4,341.50 earlier.

Trading volume saw a significant increase to 1,111 lots from 124 lots on Tuesday, while open interest rose to 1,151 contracts from 164 contracts previously. The physical gold price was recorded at US$4,169.60 per troy ounce, based on the London Bullion Market Association’s afternoon fix on October 21, 2025.