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Gold Prices Fall Today, Silver Rates Decline: 5 Things To Know

Gold prices declined by Rs 100 per 10 grams on Monday
Gold prices declined by Rs 100 per 10 grams on Monday
  1. In the national capital, gold of 99.9 per cent and 99.5 per cent purity drifted lower by Rs 100 each to Rs 32,000 and Rs 31,850 per 10 grams, respectively, Press Trust of India reported.
  2. Gold had gained by Rs 300 in Saturday's trade. Both gold and silver rebounded smartly last week following renewed buying from stockist and retailers on the back of seasonal offtake amid bullish global cues.
  3. Silver ready declined by Rs 100 to Rs 39,900 per kg on Monday, while weekly-based delivery edged up by Rs 25 to Rs 38,950 per kg. Silver coins fell by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
  4. International gold prices steadied, surrendering gains made in earlier trade on the back on the weekend's air strikes on Syria, as financial markets wagered the latest US-led intervention would not escalate into a wider conflict, news agency Reuters.
  5. Spot gold was at $1,344.34 an ounce in recent trade, little changed from late on Friday but off an earlier peak of $1,348.69. US gold futures were 0.1 per cent lower at $1,346.80 an ounce.
(With agency inputs)