Gold prices on Wednesday dropped Rs 396 to Rs 40,871 per 10 gram in the national capital amid fall in demand for
the precious metal.
In the previous trade, it had closed at Rs 41,267 per 10 gram, according to HDFC Securities.
Silver prices also dropped Rs 179 to Rs 46,881 per kg from Rs 47,060 per kg on Tuesday.
“Spot gold of 24 karat in Delhi traded lower by Rs 396, reflecting overnight loss in global gold prices,” HDFC
Securities Senior Analyst(Commodities) Tapan Patel said.
Meanwhile, the Indian rupee on Wednesday appreciated by 8 paise to 71.17 against the dollar in early trade, tracking
gains in domestic equity market and fresh foreign fund inflows.