Gold prices traded flat at Rs 72,350 per 10 grams while silver gained Rs 200 per kg in the local market on Monday, according to HDFC Securities.
Silver prices rose by Rs 200 to Rs 90,300 per kg from the previous close of Rs 90,100 per kg. "In Delhi markets, spot gold prices (24 carats) are trading flat at Rs 72,350 per 10 grams, unchanged from the previous close," Saumil Gandhi, Research Analyst at HDFC Securities, said.
In the overseas markets, spot gold at Comex was trading at USD 2,327 per ounce, slightly up USD 1 from the previous close. Gold struggled to find direction on Monday and moved in a narrow range above the USD 2,320 level during the European trading session, Gandhi said.
"...Traders appear cautious about making aggressive directional bets given uncertainties about the US Federal Reserve's interest rate-cutting plan, resulting in sluggish range-bound price activity," he added.
