Gold prices fell by Rs 32 to Rs 38,542 per 10 gram in the national capital on Monday due to rupee appreciation and selling in global market, according to HDFC Securities.
On Saturday, the precious metal had closed at Rs 38,574 per 10 gram.
"Spot gold for 24 Karat gold in Delhi was trading marginally lower by Rs 32 on stronger rupee and overnight fall in gold prices. The spot rupee was trading around 7 paise stronger against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
However, silver prices rose Rs 46 to Rs 44,691 per kg from Rs 44,645 per kg in the previous trade.
In the global market, gold was trading at USD 1,462 per ounce, while silver was quoting at USD 16.60 per ounce.
"Gold prices witnessed selling on risk on sentiments after the US government data showed better than expected job creation and fall in unemployment rate. The positive optimism over the US-China trade deal also pressured gold prices to trade lower," Patel said.
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