Gold prices in India fall for the first time in four days

Gold prices in India fall for the first time in four days

FPJ Web DeskUpdated: Tuesday, December 31, 2019, 08:29 AM IST
article-image

On Monday, gold prices in India fell for the first time in four days. Gold prices fell to Rs 38,978, per 10 gram, while silver prices also fell to Rs 46,130.

According to the prices given by the Indian Bullion and Jewellers Association, on December 30 the rate without GST for gold (purity-999) is Rs 38,978, while for gold with purity-995 is Rs 38,822. Silver prices, however, Rs 46,130 per kg from Rs 46,445 per kg.

Gold prices according to purity levels are as follows:

999- Rs 38,978/-

995 - Rs 38,822/-

916 - Rs 35,704/-

750 - Rs 29,233/-

585 - Rs 22,802/-

Gold prices on Monday dropped Rs 60 to Rs 39,020 per 10 gram in futures trade as participants cut down their positions even as the metal gained overseas. On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 60, or 0.15 per cent, to Rs 39,020 per 10 gram in a business turnover of 1,566 lots.

The yellow metal for April delivery slipped Rs 54, or 0.14 per cent, to Rs 39,119 per 10 gram in 77 lots. Analysts said despite positive overseas trend, weak sentiment at the domestic market led to fall in gold futures price. Globally, gold was trading 0.02 per cent higher at USD 1,518.40 an ounce in New York.

(Inputs from PTI)

RECENT STORIES

HUL Names Priya Nair As CEO & MD With Effect From August 1

HUL Names Priya Nair As CEO & MD With Effect From August 1

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Canara Bank Withdraws Order Classifying Anil Ambani’s ₹1,050 Crore Loan Account As Fraudulent;...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

Singapore Airlines Partners With Mandai Wildlife Group To Offer Curated Wildlife Experiences And...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...

India Must Build Supply Chain Resilience In Energy Sector To Achieve Self-Reliance: Union Minister...

TCS Reports 6% Q1 Net Profit Rise To ₹12,760 Crore, Announces ₹11 Interim Dividend

TCS Reports 6% Q1 Net Profit Rise To ₹12,760 Crore, Announces ₹11 Interim Dividend