At the Multi Commodity Exchange, gold for delivery in April declined by Rs 141, or 0.47 per cent, to Rs 29,890 per 10 grams in business turnover of 524 lots.

Likewise, the metal for delivery in far-month June shed Rs 135, or 0.46 per cent, to Rs 29,410 per 10 grams in 20 lots.

Market analysts said a weak trend in the overseas markets on expectations that the Federal Reserve will continue to taper stimulus in US, mainly put pressure on gold prices at futures trade here.

Globally, gold traded a shade lower at USD 1,310.74 an ounce in Singapore on Friday.

Silver futures down 0.85 pc on global cues

Silver prices fell by 0.85 percent to Rs 47,380 per kg in futures trade, tracking a weak trend in the global market.

At the Multi Commodity Exchange, silver for delivery in March fell by Rs 407, or 0.85 percent, to Rs 47,380 per kg in business turnover of 1,098 lots.

Similarly, the white metal for delivery in May declined by Rs 399, or 0.82 percent, to Rs 48,400 per kg in business volume of 70 lots.

Market analysts said a subdued trend in the global markets led to the fall in silver prices at futures trade here.

In the international market, silver fell by 0.3 percent to USD 21.47 an ounce in Singapore.

(Agencies)

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