Gold in the national capital on Wednesday declined by Rs 232 to Rs 47,387 per 10 gram amid decline in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 47,619 per 10 gram. Silver also dipped Rs 1,955 to Rs 67,605 per kilogram from Rs 69,560 per kilogram in the previous trade. In the international market, gold was quoting lower at USD 1,835 per ounce and silver was flat at USD 26.78 per ounce. Gold prices are trading under pressure on stronger dollar and rally in equity indices, according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
"The (retail) frenzy is dead, it's rolled over," said Stephen Innes, chief global market strategist at financial services firm Axi
In New Delhi, 22-carat gold price fell by Rs 850 to Rs 47,300 per 10 gm, while in Chennai it fell to Rs 45,650
In New Delhi, the price of 22-carat gold inched up by Rs 190 to Rs 48,150 per 10 gm. In Mumbai, the rate rose to Rs 48,450
In New Delhi, the 22-carat gold price stayed at Rs 47,800 per 10 gm, while in Chennai it was at Rs 46,560
In New Delhi, the price of 22-carat gold dropped by Rs 100 to Rs 47,800 per 10 gm. In Mumbai, the rate dropped to Rs 47,800 according to the Good Returns website
In New Delhi, the price of 22-carat gold dropped to Rs 47,900 per 10 gm, while in Chennai it stood at Rs 46,170
In New Delhi, the 22-carat gold price stayed at Rs 48,090 per 10 gm, while in Chennai it stood at Rs 46,360
In New Delhi, the price of 22-carat gold stayed at Rs 48,090 per 10 gm, while in Mumbai, the rate remained at Rs 48,330
In New Delhi, the price of 22-carat gold is at Rs 48,090 per 10 gm, while in Chennai it fell to Rs 46,540. In Mumbai, the rate was Rs 48,330 according to the Good Returns website
In New Delhi, the price of 22-carat gold is at Rs 48,400 per 10 gm, while in Chennai it rose to Rs 46,910. In Mumbai, the rate was Rs 48,600 according to the Good Returns website
Gold will trade in range until market gets more clarity on the new Joe Biden-administration's policies
In New Delhi, the price of 22-carat gold is at Rs 47,910 per 10 gm, while in Chennai it rose to Rs 46,510. In Mumbai, the rate was Rs 48,100 according to the Good Returns website.
In New Delhi, the gold price of 22-carat gold is at Rs 47,800 per 10 gm, while in Chennai it is at Rs 46,320
In New Delhi, the gold price of 22-carat gold is at Rs 47,650 per 10 gm, while in Chennai it rose to Rs 46,130
Earlier in the session, the U.S. dollar held near a four-week peak against rival currencies, making gold expensive for holders of other currencies
In New Delhi, the gold price of 22-carat gold is at Rs 48,130 per 10 gm, while in Chennai it fell to Rs 46,070
In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,600
In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,620
In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,800