At the Multi Commodity Exchange, gold prices for delivery in October fell Rs 274, or 0.92 percent, to Rs 29,638, per 10 grams in business turnover of 1,658 lots.
    
On similar lines, metal prices for delivery in far-month December eased by Rs 217, or 0.73 percent, to Rs 29,594 per ten grams in 225 lots.
    
Silver futures prices fell 1.59 percent, to Rs 49,744 per kg, as speculators trimmed positions.
    
At the Multi Commodity Exchange, silver prices for delivery in far-month March plunged by Rs 802, or 1.59 percent, to Rs 49,744 per kg in business turnover of 29 lots.
    
Similarly, the white metal prices for delivery in December lost Rs 620, or 1.46 percent, at Rs 48,586 per kg, in 2,050 lots.
    
Market analysts said the fall in gold and silver futures were mostly attributed to a weak trend overseas as investors weighed the outlook for stimulus in the US after a Federal Reserve policy maker said a small taper may occur next month.

Globally, silver for spot delivery sank 1.4 percent to USD 21.48 an ounce and gold prices fell 0.90 percent to USD 1,313.69 an ounce in Singapore on Monday.

JPN/Agencies

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