Futures reeling under pressure

Gold futures declined Rs98 to Rs69,211 per 10 grams amid weak global cues. Silver prices fell Rs541 to Rs79,057 per kilogram as participants reduced their bets.

On Multi Commodity Exchange (MCX), gold contracts for October delivery traded lower by Rs98 or 0.14 per cent to Rs69,211 per 10 grams in a business turnover of 18,576 lots. Analysts attributed the fall in gold prices to weak global cues.