Gold prices fell more than 2 percent on Monday. Spot gold was down 2% at $2,393.66 an ounce. In contrast, US gold futures fell 1.4% to $2,434.10.
Spot silver fell 5.7% to $26.92 an ounce, palladium fell 4.5 percent to $849.05, its lowest level since August 2018, and platinum fell 4.1 percent to $918.35. Other precious metals saw prices fall.
In the previous session, the price of 10 grams of 99.5 percent pure gold increased by Rs.250 to Rs.72,450 from Rs.72,200. Globally, Comex gold traded at $2,461.10 an ounce, down $8.70 from the previous close. Silver fell to $27.47 an ounce in New York.
