Futures continue to fall

Gold futures fell Rs89 to Rs56,838 per 10 grams in futures trade as speculators reduced their positions. Silver futures fell Rs128 to Rs67,266 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange (MCX), gold contracts for December delivery traded lower by Rs89 or 0.16 per cent at Rs56,838 per 10 grams in a business turnover of 15,663 lots. Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.17 per cent lower at $1,838.40 per ounce in New York.

On MCX, silver contracts for December delivery declined by Rs128 or 0.19 per cent to Rs67,266 per kg in a business turnover of 29,024 lots. Globally, silver was trading 0.48 per cent lower at $21.28 per ounce in New York.