Gold prices on Friday declined Rs 145 to Rs 38,925 per 10 gram in the national capital on weak global trends and a strong rupee, as per HDFC Securities.
On Thursday, the precious metal had closed at Rs 39,070 per 10 gram.
"Spot gold price for 24 Karat in Delhi was trading down by Rs 145 to Rs 38,925 on weak global prices and a stronger rupee. The spot rupee was trading 5 paise stronger against the dollar during the day," HDFC Securities Senior Analyst - Commodities, Tapan Patel said.
Silver also lost ground and fell by Rs 315 to Rs 46,325 per kg from the previous close of Rs 46,640 per kg.
In the international market, gold was ruling lower at USD 1,488 an ounce and silver at USD 17.46 per ounce.
"The international gold prices traded lower on easing worries over Brexit deal," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app