New Delhi. Many new laws have come into force across the country from July 1, 2024. There has been no change in the price of gold on this day, while the price of silver has increased marginally. According to HDFC Securities, gold prices remained stable at Rs 72,350 per 10 grams in the market on Monday,

While silver rose by Rs 200 per kg. Silver prices rose by Rs 200 to Rs 90,300 per kg from the previous close of Rs 90,100 per kg.

Gold prices did not increase

HDFC Securities research analyst Saumil Gandhi said that the price of gold (24 carat) in Delhi markets is trading stable at Rs 72,350 per 10 grams without any change from the previous close. In foreign markets, spot gold on Comex was trading at $ 2,327 an ounce, up $ 1 from its previous close. Gandhi said that gold struggled to find direction on Monday and remained in a limited range above the $ 2,320 level during the European trading session.

Silver prices increased marginally

He said traders appear cautious about making aggressive directional bets given the uncertainties about the US Federal Reserve's interest rate cut plans, resulting in sluggish prices. Silver also rose marginally to $ 29.15 an ounce. In the previous session, it closed at $ 29.13 an ounce.

Pranav Meer, Vice President, EBG Commodity & Currency Research at JM Financial Services, said, "Bullion's uptrend looks strong ahead of U.S. Fed Chair Jerome Powell's speech and minutes of the Fed's previous meeting on Wednesday and U.S. nonfarm payrolls data on Friday."