Bullion futures slumps for 3rd day

Gold and silver futures declined for the third straight session on Tuesday, even as operations of commodity bourse MCX were hit due to a technical glitch resulting in the late start of the trading.

Multi-Commodity Exchange (MCX) in a statement clarified that due to a technical issue, the commencement of trading on Tuesday was delayed.

The December contract of gold dropped by Rs 2,214, or 1.83 per cent, to Rs 1,18,743 per 10 grams in a turnover of 13,086 lots.