KUALA LUMPUR, The gold futures contract on Bursa Malaysia Derivatives retreated to close lower today, albeit with better performance of COMEX gold futures.

At the close, spot month August 2024 was down to US$2,432.60 per troy ounce from US$2,474.50 per troy ounce at yesterday’s close.

Meanwhile, September 2024, October 2024, November 2024, December 2024, and February 2025 settled lower at US$2,436.30 per troy ounce compared to US$2,478.20 per troy ounce previously.

Volume improved to 51 lots from 22 lots on Monday, while open interest rose to 21 contracts against nine contracts previously.

The price of physical gold stood at US$2,393.85 per troy ounce, according to the London Bullion Market Association’s afternoon fix on Aug 5.

Source: BERNAMA News Agency