New Delhi: Gold fell to Rs 52,423 per 10 grams in the national capital, New Delhi on Monday. According to HDFC Securities, the decline in gold in the domestic market has been due to the slowdown in the price of gold at the global level and the strengthening of the rupee against the US.

The price of gold in the last trading session was closed at Rs 52,749 per 10 grams. Silver also fell 945 rupees, to 68,289 rupees per kilogram. In the last trading session, the price of silver was closed at Rs 69,234 per kilogram. Rupee rises 7 paise against the US. On Monday, the price of a dollar was Rs 73.38. Even then, the domestic stock market registered a decline.

Gold fell to 1,940 per ounce in the global bullion market, while silver fell to 26.50 per ounce. Senior commodity analyst of HDFC Securities Tapan Patel said that the gold trade was under pressure due to the recovery of the dollar. Navneet Dasani, president of commodity research, Motilal Oswal Financial Services, said that the price of gold came down due to the strength of the dollar.

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