New Delhi: Gold prices fell 29 rupees to 47,524 rupees per 10 grams on the local futures market on Friday as speculators cut their positions amid weak spot demand. On the Multi Commodity Exchange, gold for December delivery fell 29 rupees, or 0.06 percent, to 47,524 rupees per 10 grams. It was traded for 7922 lots.
Market analysts said that the unloading of positions by participants mainly led to the fall in the prices of gold futures. Globally, gold prices rose 0.09 percent to $ 1,795.20 an ounce in New York.
Silver futures fall on weak demand As participants reduced their positions due to weak spot demand, silver prices fell 409 rupees to 63,711 rupees per kg in futures trading on Friday.
On the Multi Commodity Exchange, silver futures for December delivery declined by Rs 409, or 0.64 percent, to Rs 63,711 per kg. In which trading was carried out for 9871 lots. Globally, silver fell 0.19 percent to $ 23.87 an ounce in New York.