Futures continue to fall
image for illustrative purpose
Gold futures fell Rs122 to Rs58,310 per 10 grams as speculators reduced their positions. Silver futures fell Rs380 to Rs71,397 per kilogram as participants reduced their bets. On the Multi Commodity Exchange (MCX), gold contracts for October delivery traded lower by Rs122 or 0.21 per cent at Rs58,310 per 10 grams in a business turnover of 3,824 lots. Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.24 per cent lower at $1,915.20 per ounce in New York.
On MCX, silver contracts for December delivery declined by Rs380 or 0.6 per cent to Rs71,397 per kg in a business turnover of 20,163 lots. Globally, silver was trading 0.54 per cent lower at $23.07 per ounce in New York.
