Gold prices fell 0.44 per cent to Rs 31,850 per 10 grams in futures trade Friday as participants cut down their bets amid a weak global trend.
Gold prices fell 0.44 per cent to Rs 31,850 per 10 grams in futures trade Friday as participants cut down their bets amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in December fell by Rs 141, or 0.44 per cent, to Rs 31,850 per 10 grams in a business turnover of 351 lots.
Also, the metal for delivery in November declined by Rs 130, or 0.41 per cent, to Rs 31,663 per 10 grams in 547 lots.
Analysts attributed the fall in prices trimming of positions by participants, tracking a weak trend in global market.
Meanwhile, gold fell 0.30 per cent at USD 1,220.90 an ounce in Singapore.
On Wednesday, Gold prices rose 0.27 per cent in futures trade as speculators created fresh positions, taking positive cues from global markets. At the Multi Commodity Exchange, gold for delivery in December was up by Rs 86, or 0.27 per cent, to Rs 31,369 per 10 grams in a trade volume of 24 lots.
The metal for delivery in November moved up Rs 64, or 0.21 per cent, to Rs 31,225 per 10 grams in a turnover of 303 lots.
Silver futures traded lower by 0.13 per cent to Rs 38,840 per kg in futures trade Friday after participants reduced their holdings to book profits amid weak global cues.
At the Multi Commodity Exchange, silver for delivery in December was trading lower by Rs 49 or 0.13 per cent to Rs 38,840 per kg in a business turnover of 225 lots.
Also, the contract for delivery in November shed Rs 48 or 0.12 per cent to Rs 38,869 per kg in a business volume of 372 lots.
In the international market, silver was trading 0.07 per cent down at USD 14.65 an ounce in Singapore.
The fall in silver prices at futures trade was mostly due to offloading of bets by participants in line with a weak trend in the precious metals overseas, analysts said.
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 "Gold futures slip on weak global cues")
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