Kuala Lumpur: The gold futures contract on Bursa Malaysia Derivatives closed lower today, mirroring the declining momentum in the United States COMEX gold market. The spot-month January 2025 contract declined to US$2,761.60 per troy ounce from US$2,777.00 at last week's close, and the February 2025 note depreciated to US$2,770.00 from US$2,785.90 previously.

According to BERNAMA News Agency, the March 2025, April 2025, and June 2025 contracts closed lower at US$2,778.50 per troy ounce from US$2,794.80. Trading volume eased to 30 lots from 60 on Friday, while open interest reduced to 47 contracts from 85 previously.

The London Bullion Market Association's afternoon fix on Jan 24 indicated that the price of physical gold stood at US$2,776.80 per troy ounce.