Check Gold and Silver rates for Monday. (Image: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India on Monday gained marginally to trade higher at Rs 1,23,570, after the festive season. Earlier the gold prices slid sharply following a massive rally during and before the festive season.

Meanwhile Silver price was also trading higher at Rs 1,47,520 per kilogram on Oct 27.

The previous drop in prices was led by a confluence of factors including positive trade talks between China and the US, a stronger dollar, overstretched technicals, and uncertainty on investor positioning due to the government shutdown were factors cited for the price drop on the gloabl scale.

Gold prices had scaled a new peak for the fifth consecutive session

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