Gold price slumps to Rs 54,763 per 10 gm; silver plunges to Rs 73,600 a kg

Gold prices in the national capital declined Rs 1,317 to Rs 54,763 per 10 grams on Tuesday in line with a drop in international prices of the precious metal and a rupee appreciation, according to HDFC Securities.

In the previous trade, the precious metal had closed at Rs 56,080 per 10 gram.

Silver also declined Rs 2,943 to Rs 73,600 per kg from Rs 76,543 per kg in the previous trade.

The rupee appreciated 12 paise to close at 74.78 (provisional) against the US dollar on Tuesday, tracking weakness in the greenback and gains in the domestic equity market.

In the international market, gold was trading lower at $1,989 per ounce and silver also witnessed selling and was quoting down at $27.90 per ounce.