Gold and Silver Prices Decline in Futures Trading

Gold and silver prices went down in futures trading on Monday.

Futures are agreements to buy or sell something at a later time.

On the MCX, October gold became cheaper by Rs 773 for every 10 grams.

Analysts said weaker demand helped push gold prices down.

December silver contracts fell by Rs 2,024 for every kilogram.

Analysts said investors selling silver contracts added pressure to its price.

Prices also declined in international trading in New York.

This means both precious metals were less expensive in the markets covered by the report.