The price of gold fell from ₹ 108 to ₹ 48,877 per 10 gram in the nation’s capital on Wednesday as the appreciation of the rupee capped higher in the price of the precious metal, according to HDFC Securities.
In the previous trade, the yellow metal had closed at ₹ 48,985 per 10 grams.
However, silver prices rose from ₹ 144 to ₹ 65,351 per kilogram, compared to ₹ 65,207 per kilogram in the previous trade.
The rupee appreciated 10 peas to close at 73.15 against the US dollar on Wednesday.
In the international market, gold was trading with gains of $ 1,857 per ounce, while silver was listed at $ 25.48 per ounce.
“Gold prices have traded higher because of the weaker dollar,” said Tapan Patel, senior analyst at HDFC Securities (commodities).