Gold prices declined by ₹54 to ₹45,080 per 10 gram in the national capital on Tuesday in line with weak global cues, according to HDFC Securities.
In the previous trade, the precious metal had settled at ₹45,134 per 10 gram.
Silver prices declined sharply by ₹573 to ₹58,961 per kg from ₹59,534 per kg in the previous trade.
In the international market, gold was trading lower at $1,743 per ounce and silver was flat at $22.37 per ounce.
"The rise in US bond yields have pressured gold prices to trade weak," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, "Gold prices eased, hurt by a stronger dollar and a sharp uptick in US Treasury yields, while investors awaited more cues from Federal Reserve officials on the central bank's monetary policy shift."
