Silver continued its relentless downtrend on the back of consistent speculative unwinding coupled with sluggish industrial demand.
Standard gold (99.5 purity) fell by Rs 80 to finish at Rs 29,790 per 10 grams from Friday's level of Rs 29,870.
Pure gold (99.9 purity) also lost by a similar margin to end at Rs 29,940 per 10 grams as against Rs 30,020.
Silver (.999 fineness) dropped by Rs 150 to conclude at Rs 42,440 per kg compared with Rs 42,590 yesterday.
Gold for June delivery settled lower at USD 1,287.60 an ounce on the Comex division of the NYMEX late yesterday, while silver softened to USD 19.12 an ounce.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%