Gold fell by Rs 161 to Rs 38,718 per 10 gram in the national capital on Monday on selling in international market and weak demand, according to HDFC Securities.
On Saturday, the precious metal had closed at Rs 38,879 per 10 gram.
"Spot gold for 24 Karat in Delhi fell by Rs 161 with overall selling in international prices. The weak spot demand at physical market also pressured gold prices to trade lower," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Silver prices also declined Rs 425 to Rs 45,730 per kg from Rs 46,155 per kg in the previous trade.
In the international market, both gold and silver were trading lower at USD 1,456 per ounce and USD 16.84 per ounce, respectively.
Globally, "gold prices traded lower after positive manufacturing PMI data from China and stronger dollar," Patel added.
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