Kuala Lumpur: Gold futures contracts on Bursa Malaysia Derivatives closed lower due to ongoing profit-taking, while geopolitical risks weighed on demand for the safe-haven asset.

According to BERNAMA News Agency, the spot-month June 2025 contract eased to US$3,385.60 per troy ounce from Monday’s US$3,425.20, while the July 2025 note dropped to US$3,394.10 from US$3,433.70 previously. The August, September, and October 2025 contracts slipped to US$3,413.90 per troy ounce from US$3,453.20 on Monday.

Trading volume jumped to 96 lots versus 25 lots on Monday, while open interest widened to 131 contracts from 61 contracts.

Physical gold was priced at US$3,397.6 per troy ounce, according to the London Bullion Market Association’s afternoon fix on June 16.