Gold prices today fell 40 rupees at Multi Commodity Exchange for October contracts. The precious metal was trading at 59,380 rupees per 10 grams. Silver also declined 355 rupees to trade at 70,915 rupees per kilogram for September Contracts when reports last came in.

In the global markets, gold was trading down at 1,966 dollars and 40 cents per ounce at the New York Mercantile Exchange. Silver was also trading down at 23 dollars and 10 cents per ounce in the intra-day session.