Gold prices on Monday saw a decline to Rs 97,160 per 10 grams after being Rs 98,020 per 10 grams on Friday, as per the Indian Bullion Association.
Most metros too saw a slight decline in gold rates. The price in Delhi was at Rs 96,810 on Monday, against Rs 97,670 per 10 grams on Friday. Similarly, the price of gold in the financial capital was Rs 96,980 per 10 grams; in Bangalore, it was Rs 97,060 per 10 grams; and Kolkata's gold prices stood at Rs 96,850 per 10 grams. The price for the precious commodity was the highest in Chennai, trading at Rs 97,260 per 10 grams.
The gold rate in the United States saw a sharp decline to trade in the red at $3,328 an ounce after being $3,390.50.
Gold's Aug. 5 futures were Rs 97,051 according to the Multi Commodity Exchange.
Silver
Silver was trading beyond the 1 lakh mark at Rs 1,05,910 per kg on Monday, a slight increase from being Rs 1,04,760 on Friday. In the US, the silver price was $36.20 an ounce.
July 4 futures for the commodity were Rs 1,05,525, according to the Multi Commodity Exchange.
The metal has seen an upward trend since the last slip on April 4. The prices had dipped to Rs 87,620 per kg, according to IBA, after which they saw a steady climb.
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