New Delhi: According to the All India Bullion Association, gold  rates fell by Rs 40 on Monday, taking its price to Rs 39,600 per 10 grams. According to the association, this decrease has been recorded due to reduced buying by domestic jewelers. At the same time, silver remained stable at its old price of 48,800 today. Globally, gold was at $ 1,523.70 an ounce and silver at $ 18.41 an ounce in New York on Monday.

According to the All India Bullion Association, on Monday, gold of 99.9 per cent purity declined by Rs 40 to Rs 39,600 per 10 gram and gold of 99.5 per cent purity also declined by Rs 40 to Rs 39,430 per 10 gram in the national capital on Monday. At the same time, the price of Sovereign gold fell by Rs 1,000, bringing its price to Rs 29,100 per 8 grams.

On the other hand, there was no change in the price of silver on Monday and it remained at Rs 48,800 per kg. Silver for weekly delivery has also remained flat at Rs 46,742 per kg. There was also no change in the price of silver coins. The buying price of silver coins remained steady at Rs. 1,00,000 per hundred and the selling price at Rs. 1,01,000 per hundred.