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Tracking a weak trend overseas, gold futures fell 0.23 per cent to Rs 28,528 per 10 grams today as speculators reduced their exposures amid a weak global trend.
On the Multi Commodity Exchange, gold for delivery in December fell Rs 65 or 0.23 per cent to Rs 28,528 per 10 grams in a business turnover of 23 lots.
Similarly, the yellow metal for delivery in October shed Rs 54 or 0.19 per cent to Rs 28,550 per 10 grams in 310 lots.
Market analysts said the fall in gold futures was mostly in line with a weak trend overseas as investors weighed tensions in West Asia and Ukraine, while assets in the biggest exchange-traded product capped the largest weekly contraction in three months.
Meanwhile, gold prices fell 0.3 per cent to $1,305.28 an ounce in Singapore today.
Silver prices
Silver prices fell 0.32 per cent to Rs 43,440 per kg at the futures trade today in tune with a weak trend overseas amid profit-booking by speculators.
On the Multi Commodity Exchange, silver for delivery in September traded lower by Rs 140 or 0.32 per cent to Rs 43,440 per kg in a business turnover of 312 lots.
Similarly, the white metal for delivery in December declined by Rs 116 or 0.26 per cent to Rs 44,300 per kg in a business volume of 12 lots.
In the international market, silver traded a shade lower at $19.88 an ounce in Singapore today.
Analysts said apart from profit-booking by participants, a weak trend in precious metals led to the fall in silver prices at the futures trade here.
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