Sensex, Nifty close lower, gold jumps Rs 905/10 gram

Mumbai: Benchmark Sensex slid over 194 points to settle at 37,935 in a see-saw session on Monday, weighed down by intense selling in banking stocks. Likewise, the broader NSE Nifty closed 62.35 points or 0.56 per cent lower at 11,131.80. On the other hand, gold prices in the national capital continued to hit new highs, rising by Rs 905 to Rs 52,960 per 10 gram. Silver was also in huge demand as it zoomed by Rs 3,347 to Rs 65,670 per kg from Rs 62,323 per kg in the previous trade.