National Capital Gold remained stable at Rs 71,800 per 10 grams in the bullion market on Monday. That is, the price of gold did not increase. The person buying gold will get the benefit of this. At the same time, the price of silver increased by Rs 200 to Rs 92,100 per kg. In the last session, it closed at Rs 91,900 per kg. According to Saumil Gandhi, Senior Analyst-Commodity at HDFC Securities, gold traded flat on Monday, while on Friday Comex spot gold fell by 3.45 percent, which is the highest since August 2021.
Decline in international markets
However, Gandhi said, “In Delhi markets, spot gold (24 carat) prices are trading at Rs 71,800 per 10 grams, unchanged from the previous close.” In the international market Comex, spot gold was trading at $ 2,293 an ounce, down by one dollar from its previous close. However, silver was trading higher at $ 29.50 an ounce. In the previous trading session, it closed at $ 29.15 an ounce.
Gold futures prices fall
Gold prices on Monday fell by Rs 345 to Rs 71,008 per 10 gram in futures trade as speculators reduced their positions amid weak spot demand. At the Multi Commodity Exchange, the price of the contract for delivery in August fell by Rs 345, or 0.48 per cent, to Rs 71,008 per 10 gram. A total of 15,759 lots were traded.
Silver futures rise on strong spot demand
Silver prices on Monday rose by Rs 663 to Rs 89,752 per kg in futures trade as traders increased the size of their deals amid strong spot demand. On the Multi Commodity Exchange, the price of silver contract for delivery in July rose by Rs 663, or 0.74 per cent, to Rs 89,752 per kg. A business of 21,993 lots was traded. Market analysts said silver futures prices rose as traders created fresh deals due to a firm trend in the domestic market.
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