Gold, silver fall on global cues

NEW DELHI: After reaching record high yesterday, gold prices slipped 0.51% to Rs 31,647 per 10 grams at futures trade since the speculators indulged in booking profits amid poor trend at the global markets.

At the Multi Commodity Exchange (MCX), gold for delivery during February slipped by Rs 163 with a business turnover of 27 lots. The December contract fell Rs 150 or 0.48% to Rs 31,298 per 10 grams with a business turnover of 468 lots.

For delivery in October, the prices fell Rs 146 or 0.47% to Rs 30,924 per 10 grams with a business volume of 7,226 lots.

Meanwhile, silver prices at futures trade slipped by Rs 603 or 1% to Rs 59,427 per kg. The September contract slipped by Rs 570 or 0.95% to Rs 57,469 per kg with a business turnover of 11,040 lots.