Futures Hovering In Divergent Trading

Gold futures declined Rs65 to Rs77,652 per 10 grams in futures trade amid fall in the spot demand. Silver futures rose Rs128 to Rs89,301 per kilogram as participants increased their bets.

On Multi Commodity Exchange (MCX), gold contracts for February delivery traded lower Rs65 or 0.08 per cent at Rs77,652 per 10 grams in a business turnover of 12,933 lots. Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures increased by 0.09 per cent to $2,671.50 per ounce in New York. On MCX, silver contracts for March delivery increased Rs128 or 0.14 per cent to Rs89,301 per kg in a business turnover of 32,746 lots.