Gold Rate Today: Gold, silver prices fall on low demand

NEW DELHI: Bullion market was witnessing a lacklustre session on Monday as low demand dented the shine of precious gold and silver.

Gold was trading at Rs 30,955 per 10 gram, down by Rs 52 in the futures market at 12:05 pm. MCX Silver was trading lower by Rs 18 at Rs 37,041 per kilo at the same time.

In global markets, gold was firm as the US dollar weakened over comments by US Fed officials underscoring the concern over the health of the global economy.




Bullion counters can witness low-level buying as fears of a chaotic Brexit may push investors towards safe heaven assets.

"Gold can take support near Rs 30,800 levels and can face resistance near Rs 31,200 levels while silver can take support near Rs 36,400 levels while it faces resistance near Rs 37,200," SMC Global Securities said in a report.