Gold prices on September 12 fell ₹74 to ₹38,775 per 10 gram at the bullion market in New Delhi on a stronger rupee against the dollar, according to HDFC Securities.
Prices of silver witnessed a marginal fall, slipping ₹10 to ₹48,590 per kilogram in the national capital.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat (99.9% purity) in Delhi was trading down at ₹38,775 per 10 gram on broad selling and a stronger rupee against the dollar.
In early trade on September 12, the domestic currency appreciated 36 paise to 71.30 against the U.S. dollar.
“Gold buyers are awaiting some correction in prices before festival and wedding season demand kicks in,” Mr. Patel added.
In the international market, gold prices were trading in the green at $1,490 an ounce in New York and silver was also up at $18.10 per ounce.
On September 11, gold prices in the national capital closed at ₹38,849 per 10 gram and silver at ₹48,600 per kilogram.
