Futures further fall
image for illustrative purpose
Gold futures fell Rs50 to Rs59,370 per 10 grams as speculators reduced their positions. Silver futures dropped Rs225 to Rs71,043 per kilogram as participants reduced their bets. On the Multi Commodity Exchange (MCX), gold contracts for October delivery traded lower by Rs50 or 0.08 per cent to Rs59,370 per 10 grams in a business turnover of 14,358 lots. Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.22 per cent lower at $1,965.70 per ounce in New York.
On MCX, silver contracts for September delivery declined by Rs225 or 0.32 per cent to Rs71,043 per kg in a business turnover of 18,315 lots. Globally, silver was trading 0.40 per cent lower at $23.14 per ounce in New York.
