(PTI) Gold prices declined by ₹310 to ₹57,070 per 10 grams in the national capital on Wednesday amid weak global trends, according to HDFC Securities.
The yellow metal had closed at ₹57,380 per 10 grams in the previous trade.
Silver also fell by ₹90 to ₹66,535 per kg.
"Spot gold in the Delhi markets traded at ₹57,070 per 10 grams, down ₹310 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas markets, gold was quoting lower at USD 1,891 per ounce and silver was flat at USD 21.61 per ounce.
US dollar and bond yields traded higher post-US inflation data as increased expectations of a 25 basis points hike by the US Federal Reserve at the next meeting, Gandhi said.
We draw a comparison between digital gold, gold ETF and gold bonds.
First Published: 15 Mar 2023, 04:32 PM IST