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Gold and silver prices in India remained weak as global interest rates fell. Gold futures on the MCX declined 0.2% to 51,501 per 10 gram, while silver futures fell 1.4% to 55,640 per kg.
In the global market, gold rates fell by 0.1% to $1,788.17 per ounce. Gold rates dropped by 0.7%, the biggest one-day fall in two weeks.
On Friday, the rate of gold decreased nearly 0.75 per cent per gram.
The price of Gold is around Rs 48,000 per 10 grams while that of Silver is around Rs 68,000 in the physical markets in Delhi. Gold prices in Noida are similar to those in Delhi, Gupta said.
On MCX, gold futures were marginally lower at ₹47,380 per 10 gram while silver futures edged 0.45% higher to ₹68,635 per kg.