New Delhi: Gold prices fell on Monday for the fourth consecutive day in Delhi Bullion Market. Gold prices have come down due to weak demand. On Monday, gold fell by Rs 200 to sell at a low of Rs 39,370 per ten grams this month. While silver weakened by Rs 400 to Rs 48,100 per kg.
On the other hand, if we talk about the gold nugget, then it was so weak and sold at Rs 39,200 per 10 grams at the time of closing the market. Sovereign, with eight grams, fell by Rs. 100 to Rs. 39,400. Last week on Wednesday, the gold standard was selling at a record level of Rs 40470 per 10 grams. In comparison, in the last four business days, gold has lost a thousand rupees. Silver has also fallen drastically due to global pressure and weak demand.
Silver weakened by Rs 400 to Rs 48,100 per kg. Silver futures were down by Rs 427 to Rs 47,458 per kg. Coin buying and selling dropped by Rs 20 each to Rs 1,020 and Rs 1,030, respectively. In overseas markets, the prices were stronger than the weekend. Gold was strong at the weekend's ratio of $ 1506.70 to $ 1507.01 an ounce. Silver also declined sharply due to global pressure and weak demand.