Gold prices remain almost flat at Rs 39,210

Gold prices on Monday remained almost flat at Rs 39,210 per 10 grams at the bullion market in the national capital, amid weak spot demand.

The yellow metal slipped Rs 30 as compared to the previous close of Rs 39,240 on Saturday.

Silver also fell by Rs 90 to Rs 46,390 per kilogram as against the Saturday's closing price of Rs 46,480 per kg.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said, "Spot gold prices for 24 karat gold in Delhi were trading marginal down to Rs 39,210 on weak spot demand in holiday shortened week".

He, however, added that the weaker rupee has limited downside in gold prices.