Divergent trading in futures

Gold futures marginally declined Rs2 to Rs72,037 per 10 grams amid weak global cues. Silver futures rose Rs54 to Rs85,722 per kilogram as participants widened their bets on a firm spot demand. On Multi Commodity Exchange (MCX), gold contracts for October delivery traded marginally lower by Rs2 to Rs72,037 per 10 grams in a business turnover of 16,936 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold prices went down by 0.20 per cent to $2,550 per ounce in New York.