Kuala Lumpur: The gold futures contract on Bursa Malaysia Derivatives closed lower today, pressured by a stronger US dollar.
According to BERNAMA News Agency, at today’s close, the spot month May 2025 contract decreased to US$3,263.50 per troy ounce from US$3,335.10 at the end of last week. The June 2025, July 2025, August 2025, and October 2025 contracts also experienced declines, falling to US$3,276.50 per troy ounce from US$3,348.10 per troy ounce at Friday’s close.
Trading volume slipped to 87 lots from 88 lots on Friday, while open interest rose to 129 contracts from 42 contracts previously. According to the London Bullion Market Association’s afternoon fix on May 12, physical gold was priced at US$3,235.40 per troy ounce.