Gold, Copper Futures Gains While Silver Declines in Global Markets

Silver futures decline to Rs 66,569 per kg

Silver futures on Monday fell by Rs 95 to Rs 66,569 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for March delivery declined by Rs 95 or 0.14 per cent to Rs 66,569 per kg in a business turnover of 14,323 lots.
Globally, silver was trading 0.39 per cent down at USD 21.99 per ounce in New York.

Gold futures gain Rs 84 to Rs 56,825/10 gms

Gold price on Monday increased by Rs 84 to Rs 56,825 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 84 or 0.15 per cent at Rs 56,825 per 10 grams in a business turnover of 15,106 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. Globally, gold was trading 0.02 per cent higher at USD 1,874.80 per ounce in New York.

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Copper futures gain on spot demand

Copper prices on Monday rose 0.29 per cent to Rs 768.60 per kilogram in the futures market on spot demand. On the Multi Commodity Exchange, copper contracts for delivery in February traded higher by Rs 2.20 or 0.29 per cent at Rs 768.60 per kg in a business turnover of 4,124 lots. Analysts attributed the rise in copper prices to the raising of bets by participants.