Gold and silver prices fell on Monday. Gold in Delhi fell by Rs 73 to Rs 39,882 per 10 grams amid weakness in demand. According to HDFC Securities, gold closed at Rs 39,955 per 10 grams in the previous trading session. Silver prices also fell in Delhi. Its price dropped by Rs 156 to Rs 47,010 per kg. In the previous trading session, silver closed at Rs 48,066 per kg.
In terms of global markets, gold and silver both saw a slight uptick. Gold was trading at $ 1,513.50 an ounce and silver at $ 17.87 an ounce.
HDFC Securities senior analyst (Commodities) Tapan Patel said, ‘Gold prices remained stable on Monday. At the same time, it was trading at $ 1,513 an ounce in the global market. Due to the holidays, gold was seen trading in a circle. ‘
Navneet Damani, Vice President (Commodity Research) at Motilal Oswal Financial Services said, “Gold prices are seeing a gradual rise as investors look at the tensions between the US and the Middle East against the use of gold against their risks. Are doing for.