New Delhi, Aug 25: Gold prices slipped Rs 200 to Rs 1,00,170 per 10 grams in the national capital on Monday due to selling by stockists in line with a bearish trend in the global markets, according to the All India Sarafa Association.
On Friday, the precious metal of 99.9 per cent purity had closed at Rs 1,00,370 per 10 grams.
In the national capital, gold of 99.5 per cent purity dipped by Rs 150 to Rs 99,900 per 10 grams (inclusive of all taxes) on Monday. It had settled at Rs 1,00,050 per 10 grams in the previous market session.
Meanwhile, silver prices remained flat at Rs 1,15,000 per kg (inclusive of all taxes), according to the Association.
In global markets, spot gold traded 0.26 per cent lower at USD 3,363.45 per ounce in New York.
Spot silver also went lower by 0.17 per cent to trade at USD 38.78 per ounce.
The upcoming US Federal Reserve’s FOMC meeting is scheduled for September 16-17.
However, persistent inflation concerns and sluggish economic activity may prevent aggressive interest rate cuts, capping further upside in precious metals. (PTI)
