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Precious Metals: Gold, silver futures dip on muted demand, global cues

Globally, gold prices dipped 0.36 per cent to USD 1,510.20 an ounce in New York.

PTI|
Aug 22, 2019, 01.42 PM IST
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Analysts said the fall in gold futures was mostly attributed to profit-booking by participants at the domestic market.

Commodity Summary
MCX

GOLD
SILVER
New Delhi: Gold futures traded lower by Rs 30 to Rs 37,963 per 10 gram on Thursday due to profit-booking by participants in tandem with precious metal prices slipping overseas.

Gold for delivery in October was trading lower by Rs 30, or 0.08 per cent, to Rs 37,963 per 10 gram in a business volume of 1,199 lots.

In a similar fashion, gold to be delivered in December fell by Re 1 at Rs 38,615 per 10 gram in 120 lots.

Analysts said the fall in gold futures was mostly attributed to profit-booking by participants at the domestic market.

Globally, gold prices dipped 0.36 per cent to USD 1,510.20 an ounce in New York.

Silver

Silver prices fell by Rs 37 to Rs 43,779 per kg in futures trade on Thursday as speculators trimmed their exposure amid a weak trend in global markets.

On Multi Commodity Exchange, silver for delivery in September was trading lower by Rs 37, or 0.08 per cent, to Rs 43,779 per kg in a business turnover of 1,935 lots.

The metal for delivery in far-month December fell by Rs 30, or 0.07 per cent, to trade at Rs 45,130 per kg in 185 lots.

In the international market, silver fell 0.62 per cent to USD 17.05 an ounce in Singapore.

Traders attributed the fall in silver futures largely to a weak trend in global markets.

Also Read

Gold Rate Today: Gold declines on uptick in equities

Gold Rate Today: Gold, silver trade flat on lack of directional cues

Gold Rate Today: Gold, silver down on profit-booking

Gold Rate Today: Gold futures weaken on spot demand

Gold Rate Today: Gold prices fall on ease in trade war fears

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