Gold Declines Rs 400 As Silver Remains Flat

New Delhi: Gold prices fell Rs 400 to Rs 81,100 per 10 grams in the national capital on Monday amid weak trends in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent and 99.5 per cent purity had revisited its all-time of Rs 81,500 and Rs 81,100 per 10 grams, respectively, on Saturday.

However, silver remained flat at Rs 99,500 per kg. Meanwhile, gold of 99.5 per cent purity declined Rs 400 to Rs 80,700 per 10 grams on Monday. Ease in demand by jewellers and stockists in the local markets amid sluggish trend in the global markets led to a decline in gold prices, traders said. Globally, Comex gold futures declined 0.38 per cent to $2,744 per ounce. Comex silver futures quoted 0.63 per cent lower to $33.57 per ounce in the Asian market hours. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery decreased Rs 312, or 0.4 per cent, to Rs 78,220 per 10 grams. Silver contracts for December delivery plunged Rs 585, or 0.6 per cent, to Rs 96,549 per kg on the exchange.