Gold declines for third consecutive day, silver also falls

Gold prices declined ₹ 32 to ₹ 51,503 per 10 gram in the national capital on Thursday, falling for the third consecutive day amid muted global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹ 51,535 per 10 gram.

Silver prices also fell ₹ 626 to ₹ 62,410 per kilogram from ₹ 63,036 per kilogram in the previous trade.

In the international market, gold and silver were quoting marginally lower at USD 1,901 per ounce and USD 24.18 per ounce, respectively.

“Gold prices traded under pressure on stronger dollar as investors switched to dollar as safe-haven buying,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

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