INSUBCONTINENT EXCLUSIVE:
Gold, silver prices today: On Saturday, gold bounced back by Rs 250 to Rs 31,550 per 10 gram.Gold prices slipped by Rs 75 to Rs 31,475 per
10 gram at the bullion market on Monday in line with weak global trend, reported news agency Press Trust of India (PTI)
According to traders, gold and silver prices declined on the back of weak trend overseas
In the national capital, gold of 99.9 per cent purity declined to Rs 31,475 per 10 gram
150 to Rs 38,950 per kg.Here are 5 things to know about gold, silver prices today:1
Sovereign gold on Monday remained flat at Rs 24,500 per eight gram.2
Globally, gold dropped 0.57 per cent to $1189.40 per ounce while silver fell 0.63 per cent to $ 14.62 per ounce in New York
Gold prices as the dollar firmed against its peers in the wake of indications from the US Federal Reserve last week that it will pursue a
tighter monetary policy.3
"Gold is trading range bound
The Federal Reserve's decision to raise interest rate by 25 bps pressurized the gold
However, continued depreciation in the rupee contained losses in the rupee
US will release Q2 GDP, Core durable goods orders pending home sales in the evening session
Hence we expect the yellow metal the dollar to be volatile", said Jigar Trivedi, Fundamental Research Analyst, Anand Rathi
Silver coin rates fell to Rs 72,000 per 100 pieces on Monday, from Rs 73,000 earlier
