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Gold, silver prices fall upto 1 pc as easing West Asia tensions reduce demand

Gold and silver prices declined on Monday by up to 1 per cent as signs of easing tensions between the United States and Iran reduced demand for safe-haven assets

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Gold slips near one-month low. Representational Image

Gold slips near one-month low. Representational Image

Gold prices fell on the Multi Commodity Exchange (MCX) on Monday. Gold contracts for June 5 opened at Rs 1,51,150, down Rs 382 or 0.25 per cent from the previous close of Rs 1,51,532.

By around 11:30 am, gold was trading at Rs 1,50,623, lower by Rs 729 or 0.48 per cent. During the session, the yellow metal touched a low of Rs 1,50,400, marking a drop of 0.62 per cent, and a high of Rs 1,51,347, reported IANS.

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