On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 60, or 0.15 per cent, to Rs 39,020 per 10 gram in a business turnover of 1,566 lots.
The yellow metal for April delivery slipped Rs 54, or 0.14 per cent, to Rs 39,119 per 10 gram in 77 lots.
Analysts said despite positive overseas trend, weak sentiment at the domestic market led to fall in gold futures price.
Globally, gold was trading 0.02 per cent higher at $1,518.40 an ounce in New York.
Silver
Silver futures on Monday slumped by Rs 55 to Rs 46,911 per kg as participants cut down their bets despite white metal gaining overseas.
On the Multi Commodity Exchange, silver contracts for March delivery tumbled Rs 55, or 0.12 per cent, to Rs 46,911 per kg in a business turnover of 2,543 lots.
Besides, the white metal to be delivered in May fell by Rs 36 to Rs 47,380 per kg in 43 lots.
In the international market, silver prices gained 0.29 per cent to $18.01 an ounce in New York.
2019-12-30 07:17:00Z
https://economictimes.indiatimes.com/markets/commodities/news/precious-metals-gold-silver-slump-in-futures-trade-amid-weak-demand/articleshow/73027288.cms
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