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Gold prices extended their decline on Monday, slipping below the Rs 1.25 lakh mark per 10 grams in Mumbai, tracking a sharp global fall as optimism over easing US-China trade tensions boosted investor appetite for riskier assets such as equities. In the domestic market, 24-carat gold was priced at Rs 1,24,480 per 10 grams, while 22-carat gold traded at Rs 1,15,140 per 10 grams. Silver prices also weakened, quoting at Rs 1,54,900 per kg.

Globally, spot gold fell 1.3% to $4,059.22 an ounce in early trade, while US gold futures for December delivery were down 1.6% at $4,072.40. Prices have now slipped more than 5% from their record high of $4,381.21 touched on October 20, when geopolitical tensions and expectations of US rate cuts had spurred a strong rally.

Asian s

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