Gold fell by Rs 200 to Rs 39,020 per ten grams on Monday in the Delhi Sarfa market due to the fall in both precious metals globally. Silver also dropped by Rs 525 to Rs 45,800 per kg.
According to information from London and New York, gold spot fell by $ 9.40 to $ 1,487.20 an ounce today. December gold futures were also down by $ 13.70 to $ 1,492.70 an ounce.
Market analysts said that the dollar has strengthened due to signs of easing trade tensions between the US and China for the last one-and-a-half year. This put pressure on gold. Also, the confidence of investors has also increased in the capital market. This has reduced the attractiveness of gold as a safe investment. Silver spot also fell by $ 0.26 to $ 17.25 an ounce in the international market.
In the local market, gold standard fell by Rs 200 to Rs 39,020 per ten grams. Gold bitur also fell the same to Rs 38,850 per ten grams. Sovereign remained at Rs 30,300 per piece of eight grams.
Silver spot fell by Rs 525 to Rs 45,800 per kg. Silver futures also fell by Rs 568 to Rs 44,949 per kg. Coin buying and selling prices remained at the previous day’s level.
Today the prices of both precious metals are as follows: –
Gold Standard per 10 grams …..: Rs 39,020
Gold Bitur Per 10 Grams …….: Rs 38,850
Silver spot per kg …..: Rs 45,800
Silver futures per kg ….: Rs 44,949
Coin buying per unit …: Rs 920
Coin sold per unit ..: Rs 930
Sovereign per eight gram ………….: Rs 30,300