Gold becomes cheaper in futures market, silver rises

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Gold Silver Rates: Gold prices fell by Rs 213 to Rs 99,222 per 10 grams on Friday in futures trading amid weak spot demand. Silver futures rose by Rs 183 to Rs 1,13,523 per kg due to the participants’ their stakes.

In October, the price of gold contracts supplied in the Multi Commodity Exchange (MCX) fell by Rs 213 or 0.21 percent to Rs 99,222 per 10 grams. It traded for 13,588 lots.

Analysts explained weak global signs due to the fall in gold prices. In international markets, gold futures in New York fell 0.35 percent to $ 3,327.17 an ounce.

In September, the price of silver contracts supplied in MCX rose by Rs 183 or 0.16 percent to Rs 1,13,523 per kg. It had a turnover of 14,778 lots. Analysts said that the fresh deal of participants led to a rise in silver prices. Globally, silver fell by 0.36 percent to $ 38.01 an ounce in New York.

Edited by: Nrapendra Gupta

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