Gold, silver decline amid muted global trends

NEW DELHI: Gold in the national capital on Thursday dipped Rs 339 to Rs 48,530 per 10 gram following decline in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 48,869 per 10 gram.

Silver also tumbled Rs 475 to Rs 70,772 per kilogram from Rs 71,247 per kilogram in the previous trade.

In the international market, gold was trading lower at $1,893 per ounce and silver was flat at $27.79 per ounce.

“Gold prices witnessed selling from five month highs trading below $1,900,” according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.