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Gold slipped from all-time high, price fell by Rs 900 to Rs 102520 per 10 grams
Gold Silver Prices: After the geopolitical tension eased and the stockists adopted a selling stance, the price of gold in the national capital on Monday came down from the all-time high after five days of rise. The price of 10 grams of gold fell by Rs 900 to Rs 1,02,520. Let us know the condition of bullion market in detail.
Once the geopolitical tension eased and the stockists went into a selling mode, gold's price in the national capital on Monday reduced from the record high after five consecutive days of increase. 10 grams of gold lost Rs 900 to stand at Rs 1,02,520.
The All India Sarafa Association reports that gold of 99.9 percent purity increased by Rs 800 to an all-time high of Rs 1,03,420 per 10 grams on Friday. The gold of 99.5 percent purity was at an all-time high of Rs 1,03,000 per 10 grams in the last session. It dropped by Rs 900 to Rs 1,02,100 per 10 grams (including all taxes) on Monday.
In the last five trading sessions till Friday, gold prices have increased by Rs 5,800 per 10 grams. According to market experts, "Gold trading started with a weak trend, as the demand for traditional safe investment assets subdued due to excitement in the market."
"Geopolitical tensions have eased as President Donald Trump has agreed to meet Russian President Vladimir Putin in Alaska this weekend to discuss peace efforts related to the Russia-Ukraine conflict," said Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities. The news weighed on gold prices. Besides, the White House's clarification on the 39 percent tariff on gold bars also put pressure on prices, Gandhi said.
