Gold futures down 1% to slip below USD 1,300

MUMBAI-INDIA (Aug 6) Gold and silver futures lower on Tuesday in global markets. Gold futures for August 2013 went down 0.97% at USD 1,289.9 per troy ounce at the Comex division of the New York Mercantile Exchange.

Comex Silver futures for September 2013 slightly lower 0.78% at USD 19.56 per troy ounce (12.32 p.m.).

In domestic markets, October 2013 gold futures at the MCX were trading down 0.07% at Rs 27,837 per 10 grams at 12.15 p.m. It opened at Rs 27,870.

September 2013 silver futures at the MCX were trading rose 0.13% at Rs 41,815 per 1 kg after hitting high of Rs 41,874. It opened at Rs 41,550.