MY:Gold futures drop 0.6% to Rs 29,740; silver down 0.5%
Domestic gold and silver prices declined in noon trade on Monday. In India, October 2013 gold futures at the MCX were trading down 0.58% at Rs 29,740 per 10 grams at 12.16 p.m. It opened at Rs 29,812.
September 2013 silver futures at the MCX were trading down 0.54% at Rs 49,040 per 1 kg after hitting high of Rs 49,100. It opened at Rs 48,728.
In global markets, Gold futures for September 2013 went down 0.96% at USD 1,319.7 per troy ounce at the Comex division of the New York Mercantile Exchange.
However, Comex Silver futures for September 2013 slightly down 1.87% at USD 21.46 per troy ounce (12.27 p.m.).
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