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Gold prices fell Rs 143 to Rs 31,160 per 10 grams at the futures trade due to profit-booking by participants at prevailing levels even as the precious metal strengthened overseas.
At the Multi Commodity Exchange, gold for delivery in far-month February was trading lower by Rs 143 or 0.46 per cent at Rs 31,160 per 10 grams in a business turnover of 66 lots. Gold to be delivered in December also declined by Rs 114 or 0.37 per cent to Rs 30,885 per 10 grams in 245 lots.
According to analysts, the fall in gold prices at the futures trade is mostly due to profit-booking by speculators at current levels but a better trend overseas limited the fall. In overseas markets, gold was trading 0.33 per cent higher at $1,204.80 an ounce in Singapore.
Silver prices fell Rs 55 to Rs 36,640 per kg at the futures trade due to profit-booking by speculators at prevailing levels. However, a firm trend overseas restricted the losses.
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 55 or 0.15 per cent Rs 36,640 per kg. It clocked a business volume of 286 lots. The white metal to be delivered in November was down by Rs 51, or 0.14 per cent, at Rs 36,675 per kg in 493 lots.
In the international market, silver rose 0.57 per cent to $14.17 an ounce in Singapore.
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