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Precious Metals: Gold falls, silver advances in futures trade

Gold prices on Thursday fell Rs 34 to Rs 37,665 per 10 gram in futures trade.

PTI|
Last Updated: Dec 12, 2019, 03.34 PM IST|Original: Dec 12, 2019, 03.34 PM IST
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Silver futures on Thursday advanced by Rs 35 to Rs 43,860 per kg .
Gold prices on Thursday fell Rs 34 to Rs 37,665 per 10 gram in futures trade as participants cut down their bets.

On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 34, or 0.09 per cent, to Rs 37,665 per 10 gram in a business turnover of 15,899 lots.

The yellow metal for April delivery plunged Rs 53, or 0.14 per cent, to Rs 37,731 per 10 gram in 2,561 lots.

Analysts attributed the fall in prices to trimming of positions by investors.

Globally, gold was trading 0.18 per cent up at $1,477.70 an ounce in New York.

Silver

Silver futures on Thursday advanced by Rs 35 to Rs 43,860 per kg as investors raised their positions supported by positive global trend.

Silver contracts to be delivered in March was trading higher by 0.08 per cent, or Rs 35, to Rs 43,860 per kg in 2,668 lots on the Multi Commodity Exchange.

In the international market, silver was 0.36 per cent up at $16.91 an ounce in New York.

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