At the Multi Commodity Exchange, gold for delivery in October traded Rs 39, or 0.13 percent, to Rs 30,008 per 10 grams in business turnover of 1,427 lots.
    
Similarly, the yellow metal for delivery in December lost Rs 30, or 0.10 percent, to Rs 29,869 per 10 grams in 64 lots.
    
Market analysts said the fall in gold futures was mostly attributed to a weakening trend in the global market where it fell to over four-week low on speculation that the US Federal Reserve will commit to reducing stimulus next week.
 
Meanwhile, gold in Singapore dropped 0.65 percent to 1,312.40 dollar an ounce.

Silver futures fall 0.56 pc

Continuing its slide, silver prices fell by 0.56 percent to trade at Rs 51,401 per kg in futures trade 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 traded Rs 286, or 0.56 percent, lower at Rs 51,401 per kg in a business turnover of 19 lots.
    
In a similar fashion, the white metal for delivery in December fell by Rs 265, or 0.49 percent, to Rs 50,230 per kg in 1,248 lots.
    
Market analysts said offloading of positions by speculators following a weak trend overseas, before the US Federal Reserve meets to consider tapering its monthly asset purchases, put pressure on silver futures prices here.
    
Meanwhile, silver fell by 0.18 percent to 21.70 dollar an ounce in Singapore on Friday.

(Agencies)

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