Gold Prices Recede From Record High: 10 Things To Know

INSUBCONTINENT EXCLUSIVE:
However, sovereign gold held steady at 28,800 per eight grams. Gold prices on Monday fell by by Rs
100 to Rs 38,570 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported
The yellow metal fell on weak trend overseas and tepid demand from jewellers, according to the All India Sarafa Association
Gold had reached its all-time high mark of Rs 38,670 per 10 grams on Saturday
Silver prices also edged lower by Rs 50 to Rs 45,000 per kilogram due to reduced offtake by industrial units and coin makers
The fall came on easing demand from local jewellers
Here are 10 things to know about gold and silver prices today:In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell
gold prices slipped on Monday due to a stronger US dollar and a recovery in equities, as hints of more stimulus from major central banks
around the world eased concerns about a recession, reported news agency Reuters.Gold witnessed selling on positive market sentiment as the
rise in global equity indices underpinned demand for safe haven assets, PTI quoted Tapan Patel, senior analyst (commodities), HDFC
flat at Rs 91,000 for buying and Rs 92,000 for selling of 100 pieces.On Saturday, gold had risen by Rs 250 to Rs 38,670 per 10 grams, while
silver gained by Rs 362 to Rs 45,050 per kg.Get Breaking news, live coverage, and Latest News from India and around the world on
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