New Delhi: Gold fell by Rs 185 to Rs 55,520 per 10 grams in the Delhi bullion market on Monday amid a weak global trend. HDFC Securities gave this information.
In the previous trade, the yellow metal had closed at Rs 55,705 per 10 grams.
Silver also declined by Rs 798 to Rs 63,227 per kg.
“Spot gold was trading lower by Rs 185 per 10 grams at Rs 55,520 per 10 grams in Delhi markets,” said Saumil Gandhi, Senior Analyst – Commodities, HDFC Securities.
In the overseas market, gold and silver were trading lower at $1,811 an ounce and $20.75 an ounce, respectively.
Sriram Iyer, Senior Research Analyst, Sriram Iyer, said, “COMEX gold prices fell to their weakest level in nearly two months in Asian trading hours on Monday on warm inflation expectations after the US Fed’s first meeting of the year.” Will continue to raise rates in the second half.” said in Reliance Securities.