On Monday, gold closed at Rs 75,650 per 10 grams with a gain of Rs 100 in the bullion market of the national capital. The All India Sarafa Association said that however, the price of silver fell by Rs 600 to Rs 91,000 per kg. In the previous trading session, it had closed at Rs 91,600 per kg. In the previous trading session on Saturday, gold had closed at Rs 75,550 per 10 grams. According to the news of Bhasha, this change in the price of both the precious metals was recorded due to increased purchases by jewelers and a strong trend in foreign markets.
Silver became cheaper by ₹3,400 in four sessions
According to the news, sources attributed the rise in gold prices to the strong trend in international markets and fresh demand from local jewelers. Silver has fallen by Rs 3,400 per kg in the last four sessions since July 18. On July 18, it closed at Rs 94,000 per kg with a decline of Rs 400.
Gold futures prices fall
On Monday, the price of gold in futures trading fell by Rs 12 to Rs 72,978 per 10 gram. On the Multi Commodity Exchange, the price of the contract for supply in the month of August fell by Rs 12 or 0.02 percent to Rs 72,978 per 10 gram. 10,689 lots were traded in it. Market analysts said that the fall in gold futures prices was due to the weak trend in the global markets. Globally, gold fell by 0.23 percent to $ 2,452.50 per ounce in New York.
Weakness in silver futures price too
Silver prices on Monday fell by Rs 536 to Rs 89,110 per kg in futures trade as traders reduced the size of their deals amid weak spot demand. At the Multi Commodity Exchange, the price of silver for delivery in September fell by Rs 536, or 0.6 per cent, to Rs 89,110 per kg. A total of 26,370 lots were traded. Globally, silver prices fell by 0.25 per cent to $29.23 an ounce in New York.
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