Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand
capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump's inaugural address later on Monday before placing any directional bets, marketmen said.
On Friday, the precious metal surged Rs 700 to settle near a record high at Rs 82,000 per 10 grams. Gold of 99.5 per cent purity traded flat at Rs 81,600 per 10 grams on Monday. On October 31 last year, gold of 99.9 per cent purity and 99.5 per cent purity hit a record high of Rs 82,400 and Rs 82,000 per 10 grams, respectively, in the local markets.
However, silver prices decreased by Rs 500 to Rs 93,000 per kg from the previous close of Rs 93,500 per kg on Friday.
In futures trade on the MCX, gold contracts for February delivery slipped Rs 62 or 0.08 per cent to Rs 78,961 per 10 grams.
Silver contracts for March delivery depreciated Rs 202 or 0.22 per cent to Rs 91,400 per kg in futures trade on the Multi Commodity Exchange (MCX) on Monday.
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