Gold and Silver: Gold prices edged lower on Monday after hitting a more than seven-week high in the previous session, as a stronger US dollar made the precious metal less attractive to foreign buyers. As of 6:05 am, spot gold was down 0.2 per cent, or $6.30, at $4,335.24 per ounce. Gold prices had crossed the $4,300 mark in the previous session, touching their highest level in more than seven weeks. Spot silver was trading largely flat, hovering above the $63-per-ounce mark. In the domestic market, spot gold and silver prices were not available at the time of writing. On the Multi Commodity Exchange (MCX), gold futures settled at Rs 1,51,985 per 10 grams, while silver futures settled at Rs 2,31,804 per kg.
