Gold in the national capital on Tuesday fell by ₹ 305 to ₹ 46,756 per 10 gram in line with a fall in international precious metal prices and rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹ 47,061 per 10 gram.
Silver also dipped ₹ 113 to ₹ 67,810 per kilogram from ₹ 67,923 per kilogram in the previous trade.
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The rupee advanced by 23 paise to 74.64 against the U.S. dollar in opening trade on Tuesday.
In the global market, gold was quoting lower at $ 1,768 per ounce and silver was flat at $ 25.90 per ounce.
"Gold prices traded under pressure after U.S. bond yields recovered from the recent lows. The yellow metal witnessed selling with rising in U.S. bond yields while prices were $10 away from touching $1,800 levels," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
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Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, "Gold came $10 short from touching $1,800 level in yesterday's session as the rebound in U.S. bond yields overpowered the support from sagging dollar."