In the commodity market, the price of gold has slipped down but on the other hand, the price of silver has gained.
In the international market, spot gold was trading at a higher price of $ 1,404.92 an ounce. But in India, in the national capital New Delhi, gold of 99.9% and 99.5% purity fell by Rs.100 each to reach at Rs.34,270 and Rs.34,100 per 10 gram. But the price of sovereign gold remained firm at Rs.26,800 per 8 gram. On Saturday, the price of gold has risen by Rs.70.
In New York market, Silver was trading at a higher price of $ 15.36 an ounce. In India too silver gained by Rs 90 to reach Rs.39,090 per kilo. The weekly-based delivery gained by Rs.144 to reach Rs.38,098 per kilo. But the price of silver coins remained firm t Rs.80,000 for buying and Rs.81,000 for selling of 100 pieces.