Gold prices edged down 13 rupees to 50,935 rupees per 10 grams on Wednesday in the Indian capital on weak international precious metal prices and a stronger rupee, according to securities firms. In previous trades, the precious metal settled at Rs 50,948 per 10 grams.
However, silver rose by Rs 101 to Rs 61,567 per kg from Rs 61,466 per kg in the previous session.
On international markets, gold traded down to $1,857 an ounce, while silver edged down to $21.91 an ounce.
“Gold prices fell on Wednesday, with spot gold on COMEX down 0.44% to $1,857 an ounce. Gold prices weakened on a stronger dollar as traders and investors awaited the minutes of the U.S. FOMC (Federal Open Market Committee) meeting. ” Tapan Patel, Senior Analyst (Commodities), HDFC Securities
