Precious metals fall in futures trade

Gold and silver prices declined in domestic futures trade on Tuesday as a firm dollar and easing trade tensions between the US and China dampened the precious metal’s safe-haven appeal.

On the Multi Commodity Exchange (MCX), gold futures for December delivery decreased by Rs 836, or 0.69 per cent, to Rs 1,20,573 per 10 grams in a business turnover of 13,332 lots. Similarly, silver futures also incurred losses on the MCX.

The white metal for December delivery plunged by Rs 1,558, or 1.05 per cent, to Rs 1,46,200 per kilogram in 20,939 lots. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08 per cent to 99.95.