Gold and silver bars (Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Gold prices remained higher in the domestic and international markets on Monday. On the Multi Commodity Exchange, gold futures for December delivery rose 0.8% to Rs 1,28,556 per 10 grams. Silver contracts were flat at Rs 1,55,518 per one kilogram.
In the spot market, gold was quoted at Rs 1,31,425 on Diwali day..
On the international market, the yellow metal edged up, recouping after a steep drop last week from a record high, on President Donald Trump's comments that alleviated US-China trade tensions and drove investors towards riskier assets. Bullion rose 1.5% to $4,272 on Comex.
Silver prices fell as much as 1.2% before trimming losses, after closing 4.3% lower Friday on signs th