Precious Metals: Gold falls, silver advances in futures trade

Gold prices on Monday fell Rs 40 to Rs 37,659 per 10 gram in futures trade.

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In the international market, silver was 0.36 per cent up at $16.66 an ounce in New York.
Gold prices on Monday fell Rs 40 to Rs 37,659 per 10 gram in futures trade as participants cut down their bets amid weak demand in spot market.

On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 40, or 0.11 per cent, to Rs 37,659 per 10 gram in a business turnover of 16,598 lots.

The yellow metal for April delivery plunged Rs 16, or 0.04 per cent, to Rs 37,700 per 10 gram in 2,131 lots.


Meanwhile, globally, gold was trading 0.08 per cent up at $1,466.20 an ounce in New York.

Silver
Silver futures on Monday advanced by Rs 51 to Rs 43,159 per kg as investors raised their positions supported by positive global trend.

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Silver contracts to be delivered in March was trading higher by 0.12 per cent, or Rs 51, to Rs 43,159 per kg in 14,524 lots on the Multi Commodity Exchange.

Similarly, the white metal for delivery in May next year traded higher by Rs 13, or 0.03 per cent, at Rs 44,063 per kg in a business turnover of 233 lots.

In the international market, silver was 0.36 per cent up at $16.66 an ounce in New York.
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