KUALA LUMPUR, Feb 27 — Gold futures on Bursa Malaysia Derivatives experienced a decline for the second consecutive day, driven by a stronger US dollar.
The spot-month February 2025 contract fell to US$2,917.20 per troy ounce, down from US$2,938.80 on Tuesday. Similarly, the March 2025 contract dropped to US$2,922.30 from US$2,943.90 in the previous session.
The April, May, and June 2025 contracts also saw a decrease, settling at US$2,935.00 per troy ounce, down from US$2,954.30 on Tuesday.
Trading Activity Increases
Despite the drop in gold prices, trading volume increased to 64 lots from 51 lots the previous day. Open interest also widened to 95 contracts from 63 contracts previously, indicating heightened market participation.
Physical Gold Price
According to the London Bullion Market Association’s afternoon fix on February 25, the price of physical gold was set at US$2,933.25 per troy ounce.
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