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Gold prices on Wednesday fell ₹36 to ₹59,910 per 10 grams in futures trade as speculators reduced their positions.
On the Multi Commodity Exchange (MCX), gold contracts for June delivery traded lower by ₹36 or 0.06 per cent at ₹59,910 per 10 grams in a business turnover of 319 lots.
Analysts attributed the fall in gold prices to the trimming of positions by participants.
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Globally, gold was trading 0.05 per cent lower at $1,976.20 per ounce in New York.
Silver futures increase
Silver prices on Wednesday increased ₹475 to ₹71,518 per kilogramme in futures trade as participants widened their bets on a firm spot demand.
On the MCX, silver contracts for July delivery gained ₹475 or 0.67 per cent to ₹71,518 per kg in 14,243 lots.
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Analysts said the rise in silver prices was mainly due to fresh positions built up by participants on a positive domestic trend.
Globally, silver was trading 0.86 per cent higher at $23.44 per ounce in New York.
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