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Gold prices drop Rs 396, silver falls Rs 179

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.

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