In New Delhi, gold prices fell on Monday from their record levels, trading at Rs 1,07,670 per 10 grams, a decrease of Rs 200, due to renewed selling by stockists, as reported by the All India Sarafa Association. Gold with 99.5% purity also decreased by Rs 200 to Rs 1,06,800 per 10 grams, including taxes. On Saturday, gold with 99.9% and 99.5% purity had surged by Rs 900 each, reaching record highs of Rs 1,07,870 and Rs 1,07,000 per 10 grams, respectively, in the national capital. Silver was also affected by selling pressure, dropping by Rs 1,000 to Rs 1,26,000 per kg, taxes included. The white metal had reached a lifetime high of Rs 1,27,000 per kg on Saturday.
In the futures market, however, both gold and silver rebounded sharply from early losses, achieving new peaks. On MCX, gold futures for October delivery rose by Rs 447, or 0.41%, to a record high of Rs 1,08,175 per 10 grams. Similarly, December futures also surged past the Rs 1.09 lakh per 10-gram mark, increasing by Rs 370, or 0.34%.
