Gold and silver prices fell on Monday. Gold fell by Rs 73 to Rs 39,882 per 10 grams in Delhi amid weakness in demand. According to HDFC Securities, gold had closed at Rs 39,955 per 10 grams in the previous trading session. Silver prices also declined in Delhi. Its price was reduced by Rs 156 to Rs 47,010 per kg. Silver had closed at Rs 48,066 per kg in the previous trading session
Talking about global markets, both gold and silver saw a slight rise. Gold was trading at $ 1,513.50 an ounce and silver at $ 17.87 an ounce.
HDFC Securities senior analyst Tapan Patel said, "Gold prices remained steady on Monday. At the same time, in the global market, it was trading marginally at $ 1,513 an ounce. Gold appeared to be trading in a range due to the holidays.
Navneet Damani, Vice President (Commodity Research), Motilal Oswal Financial Services, said, "Gold prices are seeing a gradual increase as investors use hedging against their risks in view of tensions between the US and the Middle East." Are doing. '
