New Delhi: Gold futures fell 0.15 per cent to Rs 28,570 per 10 grams on July 11 as speculators offloaded positions to book profits even as the metal traded at nearly four-month high overseas. At the Multi Commodity Exchange, gold for delivery in October fell by Rs 43, or 0.15 per cent, to Rs 28,570 per 10 grams in a business turnover of six lots. On similar lines, the metal for delivery in August declined by Rs 32, or 0.11 per cent, to Rs 28,464 per 10 grams in 195 lots. Market analysts said the fall in gold futures was mostly due to profit-booking by speculators after recent gains but a firming trend in precious metal overseas as rising tension in the Middle East boosted safe-haven demand, capped the losses. Meanwhile, gold prices rose 0.11 per cent to USD 1,336.80 an ounce in Singapore.
Silver prices fell 0.17 per cent to Rs 47,007 per kg in futures trade on July 11 amid profit-booking by speculators and a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 78, or 0.17 per cent, to Rs 47,007 per kg in a business turnover of five lots. Similarly, the white metal for delivery in September eased by Rs 61, or 0.15 per cent, to Rs 46,171 per kg in a business volume of 272 lots. In the international market, silver prices traded lower by 0.16 per cent at USD 21.38 an ounce in Singapore. Market analysts said apart from profit-booking by participants, a weak trend in global markets led to the fall in silver prices at futures trade here.
