On Monday, gold prices fell in the domestic bullion market. According to HDFC Securities, gold prices fell by Rs 122 per 10 grams in the national capital on Monday. Gold fell to Rs 44,114 per 10 grams due to this fall. According to Securities, gold prices declined at the domestic level due to the weak trend in the international markets. Significantly, the price of gold had closed at Rs 44,236 per 10 grams in the previous session.
On the other hand, the spot price of silver recorded an increase in the domestic bullion market on Monday. On Monday, silver rose by Rs 587 per kg. The rate of silver rose sharply to Rs 65,534 per kg. Earlier in the previous session, silver had closed at Rs 64,947 per kg.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “On Monday, the 24-carat gold spot fell by Rs 122 on the New York-based Commodities Exchange COMEX, due to the fall in gold prices.”
Talking about the international market, both global futures and spot prices of gold fell on Monday. The global future’s gold fell by 0.51 per cent, or $ 8.70, to trade at $ 1689.80 an ounce, and the global spot gold fell 0.43 per cent, or $ 7.24, to trade at $ 1693.40 an ounce.
On the other hand, both global futures and spot prices of silver saw a spurt on Monday. On the Comex, the global silver futures prices rose by 0.29 per cent or $ 0.07 to trade at $ 25.36 per ounce and the global spot silver traded up 0.32 per cent or $ 0.08 to trade at $ 25.33 an ounce.