Gold futures decline to Rs 1.52 lakh per 10gm; silver futures at Rs 2.36 lakh per kg

Representational Image. File pic.

Gold prices on Monday dropped by Rs 462 to Rs 1,52,305 per 10 grams in futures trade amid a fall in spot demand.

On the Multi Commodity Exchange, yellow metal contracts for October delivery traded lower by Rs 462, or 0.3 per cent, at Rs 1,52,305 per 10 grams in a business turnover of 1,390 lots.

Analysts attributed the decline in precious metal prices to weaker spot demand.

Globally, gold futures declined by 0.84 per cent to USD 4,492.68 per ounce in New York.

Silver prices on Monday fell by Rs 975 to Rs 2,36,683 per kilogram in futures trade as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 975, or 0.41 per cent, to Rs 2,36,683 per kg in a business turnover of 1,512 lots.

Analysts said a sell-off by participants mainly weighed on silver prices.

Globally, the white metal was trading 0.63 per cent down at USD 65.79 per ounce in New York.

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