Highlights
Price still much lower than highest level.
Highest level touched in August last year.
New Delhi: Gold futures market has been on the downward slide since the last few days. Silver too has also declined in the last couple of weeks.
Gold prices fell by Rs 352 to Rs 46,951 per 10 gram in futures trade on Wednesday as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 352, or 0.74 per cent, at Rs 46,951 per 10 gram in a business turnover of 10,849 lots. Analysts attributed the fall in gold prices to trimming of positions by participants, quoted PTI.