Silver declines Rs 5K ; gold advances by Rs 700

New Delhi: Silver prices declined by 2 per cent to Rs 2.5 lakh per kilogram, while gold increased by Rs 700 per 10 grams in the national capital.

According to the All India Sarafa Association, the white metal depreciated by Rs 5,000, or 1.96 per cent, to Rs 2,50,000 per kilogram from Rs 2,55,000 per kg on Friday.

However, gold of 99.9 per cent purity advanced by Rs 700 to Rs 1,59,200 per 10 grams from the previous close of Rs 1,58,500 per 10 grams.

“Silver began the week on a softer note, as investors booked profits after the weekend’s rally.

However, ongoing central bank purchases, heightened safe-haven demand amid the correction in tech and AI stocks, and a weaker dollar index have helped cushion the downside,” Gaurvav Garg, Research Analyst, Lemonn Markets Desk, said.