New Delhi, Apr 20 (BNP): Precious metals witnessed a decline in futures trading on Monday, with both gold and silver prices falling due to weak spot demand and increased selling pressure from market participants.
On the Multi Commodity Exchange of India, silver futures for May delivery dropped sharply, reflecting a broad-based sell-off. The decline was attributed to reduced investor interest and profit booking after recent price movements.
Gold futures for June delivery also traded lower during the session, weighed down by subdued spot demand and weak global cues. Market analysts noted that cautious sentiment in international markets contributed to the downward pressure on prices.
Traders observed that both metals came under selling pressure as participants reduced positions amid uncertain global trends. The movement indicated a shift toward caution in the precious metals segment, with investors reassessing short-term price direction.
Overall, the session reflected a softer tone in bullion markets, driven by weak demand signals and global market influences.
