At the Multi Commodity Exchange, gold for delivery in December fell by Rs 82, or 0.27 per cent, to Rs 30,650 per ten grams in business turnover of 207 lots. (Agencies)
Similarly, the yellow metal for delivery in October traded Rs 72, or 0.23 percent lower at Rs 30,740 per ten grams in 3,389 lots.
Market analysts said the fall in gold futures was mostly attributed to a two-way movements in the global market before the US Federal Reserve releases minutes from its last meeting, which may provide clues on whether the pace of stimulus will be slowed amid signs of increasing bullion demand.
Meanwhile, gold in Singapore dropped 0.23 percent to USD 1,367.90 an ounce.
Silver futures down 0.46 percent on global cues
Tracking a weak global trend ahead of the US Federal Reserve releases minutes from its last meeting, silver prices drifted by 0.46 percent to trade at Rs 51,514 per kg in futures trade today as speculators engaged in reducing exposures.
At the Multi Commodity Exchange, silver for delivery in far-month December traded Rs 240, or 0.46 percent lower at Rs 51,514 per kg in business turnover of 309 lots.
In a similar fashion, the white metal for delivery in September traded Rs 171, or 0.34 percent lower, at Rs 50,288 per kg in 5,442 lots.
Market analysts said the fall in silver prices at futures trade was mostly attributed to a weak trend overseas with investors awaiting minutes from the US central bank's July policy meeting for clues on when it will begin scaling back its commodities-friendly stimulus steps.
Meanwhile, silver fell by 0.93 percent to USD 22.81 an ounce in Singapore on Wednesday.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 82, or 0.27 per cent, to Rs 30,650 per ten grams in business turnover of 207 lots.