At the Multi Commodity Exchange, gold for delivery in April declined by Rs 103, or 0.34 percent, to Rs 30,137 per 10 gram in business turnover of 1,205 lots. JPN/Agencies
Likewise, the metal for delivery in June shed Rs 88, or 0.30 percent, to Rs 29,527 per 10 gram in 16 lots.
Silver prices fell by 0.35 percent to Rs 47,650 per kg in futures trade on Wednesday as participants indulged in reducing exposures, taking weak cues from the global market.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 167, or 0.35 percent, to Rs 47,650 per kg in business turnover of 915 lots.
Similarly, the white metal for delivery in May declined by Rs 163, or 0.33 percent, to Rs 48,606 per kg in business volume of 347 lots.
Market analysts said a subdued trend in the precious metals overseas due to weaker physical demand at prevailing higher levels, attributed fall in silver and gold prices at futures trade here.
In the international market, silver eased to USD 21.84 an ounce from USD 21.86 in Singapore. Globally, gold fell to USD 1,338.70 an ounce from Tuesday's USD 1,340.64 in Singapore.
At the Multi Commodity Exchange, gold for delivery in April declined by Rs 103, or 0.34 percent, to Rs 30,137 per 10 gram in business turnover of 1,205 lots.