By Siti Noor Afera Abu

KUALA LUMPUR, June 11 -- The gold futures contract on Bursa Malaysia Derivatives remained untraded today.

Phillip Futures Sdn Bhd dealer Tan Kien Kiong said the benchmark US COMEX gold futures traded lower despite the decline in US dollar as some investors remained on the sidelines over rising US consumer prices.

“COMEX gold is expected to trade between US$1,885 and US$1,910 (per ounce) today,” he said.

At the close, spot month June 2021 was pegged at RM225.00 a gramme, July 2021 stood at RM230.00 a gramme, while both August 2021 and September 2021 remained at RM255.00 a gramme.

Volume was nil while open interest stood at eight contracts.

At 5pm, the price of physical gold rose 92 sen to RM242.14 a gramme from RM241.22 per gramme yesterday. 

-- BERNAMA