Gold Futures and Silver Prices Plummet on Weaker Demand
Bullion futures prices dropped on weaker demand in India's futures market. The gold prices for October delivery traded lower by 0.07% in 1,595 lots, falling to Rs 163,109 per 10 grams. This decline is despite the global gold futures price remaining steady at $4,641.42 per ounce in New York.
The silver prices also fell due to a reduction in bets from participants. Silver contracts for September delivery declined by 0.37% in 1,702 lots, dropping to Rs 243,317 per kilogram.