KUALA LUMPUR: Gold futures on Bursa Malaysia Derivatives started the year on a positive note, with prices ending higher on the first trading day following the New Year holiday. The December 2024 contract saw an increase, reaching $2,623.60 per troy ounce, up from $2,610.90 recorded on Tuesday. The January 2025 contract also rose to $2,633.70, compared to $2,623.60 on Tuesday.

According to BERNAMA News Agency, the February 2025, March 2025, and April 2025 contracts remained stable, settling at $2,633.70 per troy ounce. These contracts showed no change from their previous values, reflecting steady market expectations for the near future.

The market activity, which resumed after the New Year’s Day closure, showed a slight increase in trading volume, recording one lot compared to no trading volume previously. Open interest also saw a minor increase, moving from 16 contracts to 17 contracts, indicating a growing interest among traders as the year begins.