Gold declines Rs 122; silver gains Rs 587
Gold prices on Monday fell by Rs 122 to Rs 44,114 per 10 grams in the national capital, in line with weak international market trend, according to HDFC Securities. The precious metal had closed at Rs 44,236 per 10 grams in the previous trading session.
Silver, on the other hand, rose by Rs 587 to Rs 65,534 per kg as compared to the previous close of Rs 64,947 per kg.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot prices for 24 karat gold at Delhi fell Rs 122 in line with weak in COMEX (New York-based commodities exchange) gold prices."
In the international market, gold was trading lower at USD 1,699 an ounce and silver was however up at USD 25.31 an ounce.
