Futures back in divergent trading

Gold futures declined Rs126 to Rs71,300 per 10 grams amid weak global cues. Silver futures rose Rs116 to Rs82,873 per kilogram as participants widened their bets on a firm spot demand. On Multi Commodity Exchange (MCX), gold contracts for October delivery traded lower by Rs126 or 0.18 per cent at Rs71,300 per 10 grams in a business turnover of 14,825 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold prices went down by 0.38 per cent to $2,488.05 per ounce in New York.