KUALA LUMPUR, Aug 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today despite a slight rebound in the US Commodity Exchange’s (COMEX) gold futures market, said a dealer.

Phillip Futures Sdn Bhd Derivative Dealer Lee Pei Wan said the downside bias for local gold futures would likely remain due to lack of fresh leads in the market.

At the close, spot month August 2018, September 2018, October 2018 and November 2018 all fell 26 ticks each to RM158.00, RM158.45, RM158.55 and RM159.35 a gramme, respectively. 

Turnnover declined to three lots worth RM47,580 against seven lots worth RM111,775 on Monday, while open interest eased slightly to 39 contracts from 41 contracts yesterday. 

At 5 pm, the price of physical gold was down RM1.11 at RM152.19 a gramme from RM153.30 a gramme yesterday. 

-- BERNAMA