Gold and silver prices declined in Thursday’s futures trade as investors pared positions after the US Federal Reserve’s latest meeting minutes signalled continued caution over interest rate cuts. On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 511, or 0.42%, to Rs 1,22,540 per 10 grams in a turnover of 10,456 lots. Silver futures for December were also lower, falling Rs 411, or 0.26%, to Rs 1,54,696 per kg. Manav Modi, analyst – precious metals research at Motilal Oswal Financial Services, was quoted by news agency PTI as saying that gold pared gains after the release of the Fed minutes, adding that markets were watching developments in Japan and delayed economic data. Fed officials remained divided on rate cuts during the October meeting, with

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