Bullion market reopens after 16 days, gold declines ₹1,750
With bullion market re-opening after 16 days on Monday, gold price saw a massive decline by ₹1,750 to reach ₹29,400 per 10 grams in Delhi. Silver also saw a decline of ₹3,100 to ₹41,600 per kg. Gold and jewellery establishments had been closed since November 11 after reports of alleged profiteering and efforts at tax evasion following the demonetisation move.