At the Multi Commodity Exchange, gold for delivery in December declined by Rs 211, or 0.71 percent, to Rs 29,637 per 10 grams in business turnover of 329 lots. (Agencies)
Likewise, the metal for delivery in February next year shed Rs 131, or 0.62 percent, to Rs 29,025 per 10 grams in 36 lots.
Meanwhile, silver prices fell by 0.70 percent to Rs 44,233 per kg in futures trade. At the Multi Commodity Exchange, silver for delivery in December fell by Rs 314, or 0.70 percent to, Rs 44,233 per kg in business turnover of 274 lots. In a similar fashion, the white metal for delivery in March 2014 fell by Rs 319, or 0.69 percent to Rs 45,685 per kg in business volume of 21 lots.
Market analysts said a weak trend in the overseas markets as the accord between Iran and world powers damped demand for haven assets, while holdings in exchange-traded products extended declines, mainly weighed on gold and silver prices at futures trade here.
In the international market, gold fell 0.5 percent to trade at nearly four-month low of USD 1,237.45 an ounce and silver fell by 0.50 percent to trade at over 15-week low of USD 19.78 an ounce in Singapore.
At the Multi Commodity Exchange, gold for delivery in December declined by Rs 211, or 0.71 percent, to Rs 29,637 per 10 grams in business turnover of 329 lots.