Gold Price Today: Gold became cheaper by Rs 120, silver price decreased by Rs 400

Gold and Silver Price Today: Monday was a day of slowdown for the Indian bullion market. There was a fall in the prices of gold and silver. The price of gold fell by Rs 120 per 10 grams while the price of silver slipped by Rs 400 per kg. International factors are being considered responsible for this fall in the prices of precious metals.

Gold and silver prices fell in Delhi

Amid weak trend in international markets, the price of gold in Delhi’s bullion market on Monday fell by Rs 120 to Rs 73,480 per 10 grams. HDFC Securities research analyst Saumil Gandhi said that the price of 10 grams spot gold (24 carat) in Delhi stood at Rs 72,480. Which is Rs 120 weaker than the previous closing price. In the last trading session, gold was at Rs 72,600. The price of silver also fell by Rs 400 to Rs 91,900 per kg. In the last trading session, it closed at Rs 92,300 per kg.

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How was the trend in the international market

Talking about the international market, the price of one ounce spot gold in Comex was trading softly at $ 2,318. At the same time, the price of silver fell to $ 29.47 an ounce. Saumil Gandhi said that gold prices fell on Monday after the US manufacturing and service PMI data released on Friday was stronger than expected, forcing investors to reconsider the timing of interest rate cuts by the US Federal Reserve.