Gold prices on Thursday fell Rs 128 to Rs 44,490 per 10 grams in the national capital though rupee depreciation capped the downside, according to HDFC Securities.
The yellow metal had closed at Rs 44,618 per 10 grams on Wednesday.
Silver also dropped Rs 302 to Rs 46,868 per kg, compared with Rs 47,170 per kg in the previous session.
"Spot gold of 24 karat in Delhi was trading down by Rs 128, matching the overnight fall in global gold prices. Spot gold prices in India limited the downside on Thursday with a sharp rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
The spot rupee was trading around 53 paise weaker against the dollar during the day, he said.
Meanwhile, in the international market, gold recovered to trade at USD 1,645 per ounce after witnessing decline on Wednesday. Silver, however, was trading almost flat at USD 16.73 per ounce.
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