Gold futures lower on weak physical demand

Gold futures were trading lower on by Rs 63 at Rs 29,668 per 10 grams on Muti Commodity Exchange at 3.00 pm IST on Saturday.

Gold for October contract was trading at the level of Rs 29,954 per 10 grams lower Rs 81 today.

Gold futures fell on firm rupee and sluggish physical demand in domestic market as investors sidelined themselves for further fall in price.

Domestically, gold of 99.9 and 99.5% purity recovered by Rs 65 each to Rs 30,125 and Rs 29,925 per 10 grams, respectively. The metal had lost Rs 360 yesterday.

MCX silver futures edged lower by Rs 370 per kg, silver for July delivery was seen trading at Rs 52,051 per kgs.

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