Futures continue to fall
image for illustrative purpose
Gold futures fell Rs405 to Rs59,677 per 10 grams as speculators reduced their positions. Silver futures dropped Rs667 to Rs74,760 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange (MCX), gold contracts for October delivery traded lower by Rs405 or 0.67 per cent to Rs59,677 per 10 grams in a business turnover of 15,457 lots. Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.83 per cent lower at $1,992.60 per ounce in New York.
On MCX, silver contracts for September delivery declined by Rs667 or 0.88 per cent to Rs74,760 per kg in a business turnover of 17,032 lots. Globally, silver was trading 1.15 per cent lower at $24.69 per ounce in New York.
