Gold prices fell by ₹ 57 to ₹ 48,931 per 10 gram within the nationwide capital on Tuesday resulting from weak spot in international prices and rupee appreciation, based on HDFC Securities.
In the earlier commerce, the yellow steel had closed at ₹ 48,988 per 10 gram.
Silver additionally declined by ₹ 477 to ₹ 49,548 per kg from ₹ 50,025 per kg on Monday.
“Spot gold prices for 24 carat in Delhi were trading down by ₹ 57 with weak international gold prices and rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.
The rupee on Tuesday appreciated 37 paise to provisionally shut at 75.66 towards the US greenback, following a rally in home fairness market and chronic international fund inflows.
In the worldwide market, gold traded marginally larger at USD 1,755 per ounce, whereas silver quoted at USD 17.82 per ounce.