Gold prices rise for fifth consecutive session; silver remains unchanged

Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association.

New Update
Gold prices rise for fifth consecutive session; silver remains unchanged

Gold prices rallied for a fifth straight session, rising Rs 110 to Rs 80,660 per 10 grams in the national capital on Monday, according to the All India Sarafa Association.

Advertisment

The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday.

In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams.

The price of gold of 99.5 per cent purity rose Rs 110 to Rs 80,260 per 10 grams against the previous close of Rs 80,150 per 10 grams on Friday.

The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) against the US dollar on Monday, weighed down by a stronger American currency and surging crude oil prices.

However, silver contracts for March delivery plunged Rs 821, or 0.89 per cent, to Rs 91,685 per kg on the Multi Commodity Exchange (MCX).

In the international markets, Comex gold futures fell USD 10.70 per ounce, or 0.39 per cent, to USD 2,704.30 per ounce.

Latest Stories