New Delhi: Gold prices in the bullion market rose by Rs 120 to Rs 39370 per kg on Monday, while silver declined by Rs 240 to Rs 46510 per kg on the festive season domestically amid the continuing softening in precious metals globally has come to the kilogram.

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According to information received from London and New York, pressure on precious metals has been seen in the international market. Gold spot weakened by $ 2.65 to $ 1501.80 an ounce. During this period, December gold futures fell by nearly four dollars to $ 1506 an ounce. In the local market, gold standard strengthened by Rs 120 to Rs 39390 per ten grams.

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Sona Bitur was at the same level of Rs 39,220 per ten grams. Sovereign held steady at Rs. 30,200 for the previous day. Silverspot weakened by Rs 240 to Rs 46,510 per kg due to weak silver demand. Silver futures were also quoted at Rs 45,390 per kg with a weakening of Rs 140. Coin buying and selling remained steady at Rs 920 and Rs 930 per unit respectively.

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