international The decline in the markets also affected the domestic market. In the bullion market of the national capital on Monday, gold fell by Rs 450 to Rs 79,550 per 10 grams. All India Bullion Association gave this information. On Friday, gold had closed at Rs 80,000 per 10 grams. The price of silver also fell by Rs 600 to Rs 94,000 per kg, whereas in the previous trading session its price was Rs 94,600 per kg. The price of gold of 99.5 percent purity also declined by Rs 450 to Rs 79,150 per 10 grams. On Friday it closed at Rs 79,600 per 10 grams.
Gold prices are decreasing
Jatin Trivedi, vice president research analyst (commodity and currency), LKP Securities, said, “Gold prices are falling, Comex is falling, the current price is below Friday’s closing price of $ 2,685 as the dollar index is strengthening. The yellow metal is under pressure.” He said, ”The rise in US bond prices after Donald Trump’s election victory is promoting the corrective trend in bullion.” Globally Comex gold futures fell $17.80 an ounce, or 0.66 percent, at $2,677 an ounce. However, in the Asian market, Comex silver futures rose 0.23 percent to $31.52 an ounce.
Gold futures prices fall
Gold prices fell by Rs 531 to Rs 76,741 per 10 grams in futures trade on Monday amid weak global cues. On the Multi Commodity Exchange, the price of the contract for delivery in December fell by Rs 531, or 0.69 percent, to Rs 76,741 per 10 grams. 10,052 lots were traded in this. Market analysts said gold futures prices fell due to a weak trend in global markets. Globally, gold fell 0.59 percent to $ 2,678.80 an ounce in New York.
