At the Multi Commodity Exchange, gold for delivery in February declined by Rs 61, or 0.21 percent, to Rs 29,227 per ten grams in a business turnover of 1,556 lots.
   
Similarly, the metal for delivery in April traded lower by Rs 45, or 0.16 percent, to Rs 28,655 per ten grams in 93 lots. Market analysts said speculators trimmed their positions on weak global trend which led to decline in gold prices at futures trade.
   
Meanwhile, gold lost 0.3 percent to USD 1,251.34 an ounce in Singapore.

Silver futures fall 0.46 percent

Silver prices fell by 0.46 percent to Rs 44,818 per kg in futures market today as speculators reduced positions on weak cues from global markets.
   
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 206, or 0.46 percent, to Rs 44,818 per kg in a business turnover of 1,984 lots.
   
In a similar fashion, the white metal for delivery in May lost Rs 112, or 0.24 per cent, to Rs 45,899 per kg in 46 lots.

Market analysts said speculators reduced their positions on weak cues from the global market which kept pressure on silver prices at futures trade.
   
Meanwhile, silver dropped 0.6 per cent to USD 20.20 an ounce in Singapore.

(Agencies)

Latest News  from Business News Desk


Gold futures decline 0.21 percent on global cues

      

New Delhi: Gold prices declined by 0.21 percent to Rs 29,227 per ten grams in futures trading on Tuesday as speculators trimmed their positions driven by a weak global trend.

      

At the Multi Commodity Exchange, gold for delivery in February declined by Rs 61, or 0.21 percent, to Rs 29,227 per ten grams in a business turnover of 1,556 lots.

      

Similarly, the metal for delivery in April traded lower by Rs 45, or 0.16 percent, to Rs 28,655 per ten grams in 93 lots. Market analysts said speculators trimmed their positions on weak global trend which led to decline in gold prices at futures trade.

      

Meanwhile, gold lost 0.3 percent to USD 1,251.34 an ounce in Singapore.

 

Silver futures fall 0.46 percent

 

Silver prices fell by 0.46 percent to Rs 44,818 per kg in futures market today as speculators reduced positions on weak cues from global markets.

      

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 206, or 0.46 percent, to Rs 44,818 per kg in a business turnover of 1,984 lots.

      

In a similar fashion, the white metal for delivery in May lost Rs 112, or 0.24 per cent, to Rs 45,899 per kg in 46 lots.

 

Market analysts said speculators reduced their positions on weak cues from the global market which kept pressure on silver prices at futures trade.

      

Meanwhile, silver dropped 0.6 per cent to USD 20.20 an ounce in Singapore.

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