At the Multi Commodity Exchange, gold for delivery in far-month April contracts declined by Rs 79, or 0.27 percent, to Rs 28,938 per 10 gram in business turnover of 262 lots.
Likewise, the metal for delivery in February shed Rs 36, or 0.12 percent, to Rs 29,809 per 10 gm in 13 lots.
Market analysts said fall in gold futures prices to off-loading of positions by speculators even as metal regained some strength overseas as concern that global growth may be faltering sent equity markets lower and boosted demand for haven assets.
Globally, gold rose as much as 0.20 percent to USD 1,259.98 an ounce in Singapore on Tuesday.

Silver futures down 0.25 percent

Silver prices fell by 0.25 percent to Rs 43,747 per kg in futures trade after participants reduced exposures even as metal recovered in the global market.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 111, or 0.25 percent, to Rs 43,747 per kg in business turnover of 464 lots.

Similarly, the white metal for delivery in the far-month May declined by Rs 94, or 0.21 percent, to Rs 44,705 per kg in business volume of 26 lots.

In the international market, silver rose 0.1 percent to USD 19.36 an ounce in Singapore.


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