Gold falls by Rs 300; silver rallies Rs 1,000

New Delhi: Gold prices fell by Rs 300 to Rs 1,25,300 per 10 grams in the national capital on Monday as a stronger dollar and easing global uncertainties weighed on investor appetite for the safe-haven asset.

The precious metal of 99.5 per cent purity declined by Rs 300 to Rs 1,24,700 per 10 grams. It had closed at Rs 1,25,000 per 10 grams on Friday, according to the All India Sarafa Association. Gold of 99.9 per cent purity had settled at Rs 1,25,600 per 10 grams on Friday.

On the other hand, silver rallied by Rs 1,000 to Rs 1,54,000 per kilogram from Friday’s closing of Rs 1,53,000 per kg. The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.09 per cent to 99.89, weighed on bullion prices.

In international markets, spot gold slipped below $4,000, declining 0.14 per cent to $3,996.77 per ounce, while spot silver was marginally lower at $48.64 per ounce.