Futures fall on easing speculation
image for illustrative purpose
Gold futures declined Rs282 to Rs65,907 per 10 grams in futures trade as speculators reduced their positions. Silver futures fell Rs531 to Rs75,550 per kilogram as participants reduced their bets. On the Multi Commodity Exchange (MCX), gold contracts for April delivery traded lower Rs282 or 0.43 per cent at Rs65,907 per 10 grams in a business turnover of 9,723 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold was trading 0.77 per cent lower at $2,189.80 per ounce in New York.
On MCX, silver contracts for May delivery declined Rs531 or 0.71 per cent to Rs75,550 per kg in a business turnover of 25,948 lots. Globally, silver was trading 1.15 per cent lower at $24.72 per ounce in New York.
