Gold on Tuesday fell ₹61 to ₹40,422 per 10 gram within the nationwide capital on weak world costs and absence of demand, in accordance with HDFC Securities.
Within the earlier commerce, it had closed at ₹40,483 per 10 gram.
Silver costs tumbled ₹602 to ₹47,083 per kg, in contrast with ₹47,685 per kg on Monday.
“Spot gold for 24 karat in Delhi was trading down by ₹61 on weak global prices and absence of spot demand,” Tapan Patel, senior analyst (commodities), HDFC Securities, mentioned.
Within the worldwide market, gold was quoting decrease at USD 1,544 per ounce and silver at USD 17.75 per ounce.
“Gold prices are trading down on positive global cues as investors are awaiting for the official agreement of the US-China Phase-1 trade deal. Strong equity indices have also pressured gold prices,” he added.