At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 108, or 0.36 percent, to Rs 29,678 per 10 gram in business turnover of 253 lots.
    
Similarly, metal prices for delivery in October declined by Rs 99, or 0.33 percent, to Rs 29,775 per ten gram in 2,235 lots.
    
Silver prices fell by 0.93 percent to trade at Rs 50,004 per kg in futures trade today as participants engaged in reducing their positions amid a weakening trend in the global markets.

At the Multi Commodity Exchange, silver for delivery in far-month March down Rs 471, or 0.93 percent, to Rs 50,004 per kg in a business turnover of 22 lots.

In a similar fashion, the white metal for delivery in December traded lower by Rs 384, or 0.78 percent, at Rs 49,009 per kg in 3,133 lots.

Meanwhile, silver fell by 0.25 percent to 21.59 dollar an ounce in Singapore and gold fell 0.4 percent to settle at USD 1,327 an ounce in New York on Tuesday.

Market analysts said the fall in gold and silver futures was mostly attributed to a weak trend overseas after a Federal Reserve official said policy makers may start reducing US fiscal stimulus as early as next month.

(Agencies)

Latest News  from Business News Desk