Gold prices on Monday fell by Rs 99 to Rs 40,880 per 10 gram in futures trade as participants cut down their positions tracking weak trend overseas.
On the Multi Commodity Exchange, gold prices for April delivery fell by Rs 99, or 0.24 per cent, to Rs 40,880 per 10 gram in a business turnover of 1,533 lots.
The yellow metal for June delivery declined by Rs 82, or 0.20 per cent, to Rs 41,066 per 10 gram in 19 lots.
Analysts said subdued overseas cues influenced sentiments here.
Globally, gold was trading 0.09 per cent lower at $1,585 per ounce in New York.
Silver
Silver prices on Monday rose by Rs 178 to Rs 46,405 per kg in futures trade as participants widened their bets amid a firm trend in precious metal overseas.
On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 178, or 0.39 per cent, to Rs 46,405 per kg in 2,707 lots.
Similarly, the white metal for delivery in May was trading higher by Rs 163, or 0.35 per cent, to Rs 46,891 per kg in 183 lots.
Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.
In the international market, silver was up 0.68 per cent at $17.86 an ounce in New York.
Source: Economic Times
