Gold closed at Rs 75,650 per 10 grams on Monday 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 closed at Rs 91,600 per kg. In the last trading session, gold closed at Rs 75,550 per 10 grams on Saturday. According to the news of Bhasha, this change in the price of both precious metals was recorded due to increased purchases by jewelers and strong trend in foreign markets.
Silver 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 fall of Rs 400.
Fall in gold futures prices
On Monday, the price of gold in futures trading fell by Rs 12 to Rs 72,978 per 10 grams. The price of the contract for supply in the month of August at the Multi Commodity Exchange fell by Rs 12 or 0.02 percent to Rs 72,978 per 10 grams. 10,689 lots were traded in it. Market analysts said that gold futures prices fell due to the weak trend in global markets. Globally, gold fell by 0.23 percent to $ 2,452.50 an ounce in New York.
Weakness in silver futures price too
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On Monday, the price of silver in futures trading fell by Rs 536 to Rs 89,110 per kg as traders reduced the size of their deals amid weak spot demand. On the Multi Commodity Exchange, the price of silver for delivery in September fell by Rs 536, or 0.6 percent, to Rs 89,110 per kilogram. 26,370 lots were traded in it. Globally, the price of silver in New York fell by 0.25 percent to $ 29.23 an ounce.
