Tracking a weak global trend, Gold prices fell by Rs 72 at Rs 31,343 per 10 grams in the futures trade today as speculators offloaded their positions.
At the Multi Commodity Exchange, gold for delivery in December fell by Rs 72, or 0.23%, to Rs 31,343 per 10 grams, with a business turnover of 1,499 lots.
October gold lost Rs 32, or 0.10%, to Rs 31,001 per 10 grams, with a business turnover of 125 lots.
Marketmen said speculators offloaded positions amid a weak global trend as retail sales data from Europe may add to signs of economic weakness.
Meanwhile, gold dropped 0.2% to $1,771.35 an ounce in Singapore.
Silver prices moved down by 0.53% to Rs 62,600 per kg in futures trade today after speculators trimmed positions amid negative cues from the global markets.
At the Multi Commodity Exchange, silver for delivery in December moved down by Rs 334, or 0.53%, to Rs 62,600 per kg, with a business turnover of 2,419 lots.
March silver declined by Rs 329, or 0.51%, to Rs 64,308 per kg in 90 lots.
Marketmen said speculators offloaded positions in line with a weak global trend ahead of data that may add to signs of economic weakness in Europe.
Silver traded a shade lower at $34.29 an ounce in Singapore.
Crude palm oil prices tumbled 4% to hit lower circuit at Rs 407.20 per 10 kg in futures trade today after participants offloaded their positions amid a weak trend overseas.
Subdued demand at the spot markets put pressure on the prices.
The crude palm oil for delivery in October fell sharply by Rs 17, or 4.01%, to hit lower circuit at Rs 407.20 per 10 kg at the Multi Commodity Exchange, with a business turnover of 93 lots.
The November contract fell by a similar margin to hit a lower circuit at Rs 409.10 per 10 kg, with a business volume of 291 lots.
Trading sentiment remained bearish largely in line with a weak trend overseas.
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