New Delhi: Weak global rates have also brought down the prices of gold and silver in Indian markets today. On the MCX, December gold futures slipped 0.55% to Rs 50,826 per 10 grams. Gold fell 1.2% to Rs 62,343 per kilo for the first time in three days today. Gold and silver prices rose 0.55% and 0.26% respectively in the previous session.

Today, gold fell 0.1% to $1,919.51 an ounce. Silver slipped 0.4% to $25.02 an ounce, while platinum was flat at $873.46. The dollar index was up 0.09% in proportion to rivals, which made gold costlier for holders of other currencies. SPDR, the world's largest gold exchange traded fund (ETF), gained 0.48% to 1,277.65 tonnes on Monday.

Uncertainty continued on the US stimulus package. In this context, Kotak Securities said, "Less than a month is left for the presidential election and in the absence of consensus, we believe that a comprehensive deal is not expected. However, market analysts hope that the deal may be easier after the election. "

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