New Delhi: Gold futures prices on Friday fell by 0.25 percent to Rs 30,469 per 10 grams as speculators locked in gains amid a weak global trend.
At the Multi Commodity Exchange, gold prices for delivery in October fell by Rs 75 or 0.25 percent, to Rs 30,469 per 10 grams in business turnover of 136 lots.
Similarly, metal prices for delivery in December declined by Rs 73, or 0.24 percent, to Rs 30,336 per 10 grams in 13 lots.
Silver futures slide 0.89 percent on global trend
Silver futures prices fell 0.89 percent, to Rs 52,406 per kg tracking a weak global trend and profit-booking by speculators.
At the Multi Commodity Exchange, silver prices for delivery in March plunged by Rs 470 or 0.89 percent, to Rs 52,406 per kg in business turnover of 7 lots.
Similarly, the white metal prices for delivery in December contracts lost Rs 439, or 0.85 percent, at Rs 51,311 per kg in 339 lots.
Market analysts said the fall in gold and silver futures was mostly attributed to the profit-booking by speculators and a weak trend in the global market as US economic data backed the case for reduced stimulus after the Federal Reserve this week maintained the pace of monthly bond purchases.
Further, the rising emerging market currencies, including the Indian rupee, making imports of dollar-quoted precious metals cheaper, also weighed on the white and yellow metal prices, they said.
Globally, gold prices fell 0.07 per cent to USD 1,364.10 an ounce and silver for spot delivery fell 0.58 percent to USD 22.95 an ounce in Singapore on Friday.
