At the Multi Commodity Exchange, gold for delivery in October contract eased by Rs 258, or 0.87 percent, to Rs 29,465 per 10 gm in business turnover of 278 lots.
Likewise, the metal for delivery in far-month December shed Rs 170, or 0.78 percent, to Rs 29,340 per 10 gm in 22 lots.
Globally, gold lost 1.4 percent to USD 1,292.95 an ounce, the lowest level since August 8.

Silver futures down 1.49 pc

Silver prices fell by 1.49 percent to Rs 48,666 per kg in futures trade as speculators indulged in trimming positions, taking weak cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 735 or 1.49 percent, to Rs 48,666 per kg in business turnover of 470 lots.
Similarly, the white metal for delivery in March declined by Rs 617, or 1.22 percent, to Rs 49,883 per kg in business volume of 4 lots.
In the international market, silver traded 1.20 percent lower at USD 21.47 an ounce, dropping for the third day in Singapore.
Market analysts said a weak trend in precious metals in the global markets on speculation the US Federal Reserve will cut its monthly asset purchases at the end of a two-day meeting on Wednesday, led the fall in silver prices at futures trade here.


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