New Delhi: Gold prices moved down by 0.41 percent to Rs 29,650 per 10 grams in futures trade on Wednesday after participants offloaded partial positions on weak cues from the global market.
At the Multi Commodity Exchange, gold for delivery in far-month June declined by Rs 122, or 0.41 percent, to Rs 29,650 per 10 grams in a business turnover of 15 lots.
Likewise, the metal for delivery in April shed Rs 112, or 0.37 percent, to Rs 30,109 per 10 grams in 366 lots.
Globally, gold fell 0.40 percent to USD 1,316.91 an ounce in Singapore on Wednesday.
Silver futures retreat 0.81 pc on global cues
Silver prices fell by 0.81 percent to Rs 47,635 per kg in futures trade on Wednesday after speculators trimmed positions on weak cues from the global market.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 389, or 0.81 percent, to Rs 47,635 per kg in a business turnover of 751 lots.
Also, the white metal for delivery in May declined by Rs 398, or 0.81 percent, to Rs 48,640 per kg in business volume of 82 lots.
In the international market, silver fell 0.70 percent to USD 21.77 an ounce in Singapore.
Market analysts said a subdued trend in the global markets amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cut, triggered offloading of positions by speculators that led to fall in silver and gold prices at futures trade here.
