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    Precious Metals: Gold falls, silver advances in futures trade

    Synopsis

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

    silver-gettyGetty Images
    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.

    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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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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