Meanwhile, silver prices fell by Rs 167, or 0.34 percent, to trade at Rs 49,463 per kg in futures trade as speculators reduced positions.

At the Multi Commodity Exchange, metal prices for delivery in December gained Rs 63, or 0.22 percent, to trade higher at Rs 29,549 per 10 gram in a turnover of 1,349 lots. Silver traded Rs 167, or 0.34 per cent, lower at Rs 49,463 per kg in business turnover of 884 lots.
Similarly, the metal prices for delivery in February 2014 edged up by Rs 22, or 0.05 percent, to Rs 29,230 per 10 gram, clocking a business volume of 9 lots. The white metal for delivery in far-month March fell by Rs 174, or 0.34 percent lower, at Rs 50,601 per kg in four lots.

Analysts attributed gains in the precious metal at futures trade to a firm trend in overseas markets, besides rising demand in the domestic markets for the ongoing festive and marriage season. However, the fall in silver prices at futures trade was mostly in tandem with subdued trend in the Asian region and profit booking by speculators.
Gold rose by 0.17 per cent to USD 1,324.70 an ounce and silver fell by 0.18 percent to USD 22.31 an ounce in Singapore.


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