Gold remains flat, silver rises Rs 200
image for illustrative purpose
New Delhi: Gold prices remained flat at Rs71,800 per 10 grams in the national capital on Monday. According to Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, gold traded flat on Monday, after Comex spot gold declined as much as 3.45 per cent on Friday, the most since August 2021.
However, silver prices rose Rs200 to Rs92,100 per kg. In the previous session, it had closed at Rs91,900 per kg. “In the Delhi markets, spot gold prices (24 carats) are trading flat at Rs71,800 per 10 grams, unchanged from the previous close,” Gandhi said.
In the overseas markets, spot gold at Comex was trading at $2,293 per ounce, down $1 from the previous close. However, silver was quoted higher at $29.50 per ounce. It had ended at $29.15 per ounce in the previous session.
“Gold prices traded within a narrow range, after a minor gap-down opening. This movement was mainly influenced by the strengthening US dollar, following strong nonfarm payrolls data,” Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said.
