Gold, Silver Prices Decline In Futures Trade - Deccan Chronicle

AI desk brief

Gold and silver futures fell on MCX as weaker spot demand and position-cutting pressured both metals. Gold October contracts dropped Rs 398 or 0.26% to Rs 1,52,072/10g on turnover of 8,493 lots, while global gold futures were down 0.40% at $4,369.76/oz.

Silver was also softer: December MCX contracts lost Rs 476 or 0.20% to Rs 2,34,310/kg with turnover of 12,785 lots, and New York silver traded 0.08% lower at $64.870/oz. The note points to subdued domestic demand and selling activity rather than a broader macro catalyst.