Gold on Monday drifted lower by Rs 240 to Rs 38,530 per 10 gram in the national capital following weak international prices, according to HDFC Securities.
Prices of silver also dropped Rs 775 to Rs 45,705 per kilogram, from Rs 46,480 per kilogram in the previous trade.
Gold for 24 Karat on Saturday had closed at Rs 38,770 per 10 gram here.
"Spot gold (Delhi) prices fell following weaker international prices," according to Devarsh Vakil, head (advisory-PCG), HDFC Securities.
However, the losses were capped following a lower rupee against the US dollar, he added.
In the international market, gold was trading lower at USD 1,487.15 per ounce in New York and silver at USD 17.24 an ounce.
COMEX gold prices trade lower at USD 1,487 following stronger US dollar, he added.
The Indian rupee on Monday opened on a cautious note and fell 7 paise to 70.63 against the US dollar in early trade on Monday tracking weak opening in domestic equities and foreign fund outflows.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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