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Futures back in red
image for illustrative purpose
Gold futures declined Rs75 to Rs65,960 per 10 grams in futures trade as speculators reduced their positions. Silver futures remained flat at Rs74,511 per kilogram in the futures market amid subdued demand.
On the Multi Commodity Exchange (MCX), gold contracts for April delivery traded lower Rs75 or 0.11 per cent at Rs65,960 per 10 grams in a business turnover of 17,503 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.25 per cent lower at $2,183.20 per ounce in New York.