Bullion futures trade on a mixed note

Gold prices dropped Rs1,052 to Rs1,60,582 per 10 grams in futures trade amid a fall in spot demand. Gold contracts for April delivery traded lower by 0.65 per cent in 1,729 lots.

Analysts attributed the fall in gold prices to weak global cues. Globally, gold futures increased by 1.50 per cent to $5,090.94 per ounce in New York. Silver prices rose 1.63 per cent to Rs2,63,923 lakh per kg in the futures trade amid global uncertainties.

The white metal for May delivery increased Rs4,362, or 1.63 per cent, to Rs2,63,923 per kilogram in a business turnover of 2,265 lots.