Gold in the national capital declined ₹ 231 to ₹ 48,421 per 10 gram on Wednesday, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹ 48,652 per 10 gram. Silver also dipped ₹ 256 to ₹ 65,614 per kilogram from ₹ 65,870 per kilogram in the previous trade.
The rupee appreciated 8 paise to 72.86 against the US dollar in opening trade on Wednesday.
In the international market, both gold and silver were trading flat at $ 1,850.5 per ounce and $ 25.41 per ounce.
According to Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services, "Gold prices held steady ahead of the US Federal Reserve's monetary policy decision due later in the day and as investors awaited a stimulus package in the world's largest economy."
