Gold prices on Friday fell by Rs 52 to Rs 38,830 per 10 gram in futures trade as participants cut down their bets amid a weak global trend.
On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 52, or 0.13 per cent, to Rs 38,830 per 10 gram in a business turnover of 16,303 lots.
The yellow metal for April delivery fell by Rs 66, or 0.17 per cent, to Rs 38,925 per 10 gram in 5,140 lots.
Analysts attributed the fall in prices to trimming of positions by investors, tracking a weak trend in global market.
Globally, gold was trading 0.07 per cent lower at $1,513.40 an ounce in New York.
Silver futures on Friday slumped by Rs 236 to Rs 46,587 per kg as participants cut down their bets taking weak cues from overseas markets.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 236, or 0.5 per cent, to Rs 46,587 per kg in a business turnover of 10,815 lots.
In the international market, silver prices fell 0.47 per cent to $17.91 an ounce in New York.
Traders said the fall in silver prices in futures trade was largely in line with a weak trend in precious metals in global markets.
Source: Economic Times