Gold Falls Rs 157, Silver Prices Decline Rs 99

New Delhi: Gold today fell by Rs 157 to Rs 44,250 per 10 gram in the NCR amid muted demand for the precious metal. In the previous trade, it had closed at Rs 44,407 per 10 gram, according to HDFC Securities. Likewise, silver prices also declined Rs 99 to Rs 47,517 per kg from Rs 47,616 per kg yesterday.

“Spot gold for 24 Karat in Delhi pared previous gains and traded lower by Rs 157. Rupee fluctuation kept prices in range throughout the day,” HDFC Securities Senior Analyst Tapan Patel said. The Indian rupee continued its downward journey today, sliding another 5 paise to trade at 73.44 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.

From the international market, gold was quoting with marginal gains at USD 1,640 per ounce, while silver traded flat, down at USD 17.17 per ounce.