New Delhi:Gold prices on Friday dropped by Rs 630 to Rs 1,44,670 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 630, or 0.43 per cent, at Rs 1,44,670 per 10 grams in a business turnover of 975 lots. Analysts attributed the decline in precious metal prices to weaker spot demand. Globally, gold futures fell by 0.11 per cent to $4,118.90 per ounce in New York.

Silver futures slip on lower bets

Silverprices fell Rs 1,934 to Rs 2,24,443 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 1,934, or 0.85 per cent, to Rs 2,24,443 per kg in a business turnover of 2,345 lots. Analysts said a sell-off by participants mainly weighed on silver prices. Globally, the white metal was trading 0.28 per cent lower at $60.12 per ounce in New York.

Brent crude slips to $76.07/bbl

Crudeoil prices rose 0.38 per cent to Rs 6,880 per barrel in futures trade as participants increased their positions following firm spot demand. On the Multi Commodity Exchange, crude oil for July delivery traded higher by Rs 26, or 0.38 per cent, at Rs 6,880 per barrel in 4,594 lots. Analysts said the rise of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude was trading 0.25 per cent lower at $71.90 per barrel, while Brent crude declined 0.30 per cent to $76.07 per barrel in New York.