On the Multi Commodity Exchange, gold prices for delivery in February fell by Rs 319, or 0.78 per cent, to Rs 40,656 per 10 gram in a business turnover of 208 lots.
The precious metal had closed at Rs 40,744 per 10 gram in the previous trade. In a lacklustre trade, silver prices also rose marginally by Rs 7 to Rs 47,863 per kg from Rs 47,856 per kg in the past trading.
Gold prices on Thursday rose by Rs 43 to Rs 40,458 per 10 gram in the national capital on rupee depreciation, according to HDFC Securities.
Gold prices plummeted by Rs 766 to Rs 40,634 per 10 gram in the national capital on Thursday amid a stronger rupee and weak global trends, according to HDFC Securities. Tracking weakness in gold, silver prices also tumbled Rs 1,148 to Rs 47,932 per kg from Rs 49,080 per kg in the previous trade.
Gold prices on Wednesday climbed by Rs 485 to Rs 41,810 per 10 gram following rise of geo-political uncertainty and weaker rupee, according to HDFC Securities.
The surge in the prices of gold came hours after Iraq airbases housing US troops came under missile attack by Iran. The missile attacks were a revenge act following the assassination of Iranian General Qasem Soleimani.
Spot gold prices for 24 Karat in Delhi was trading marginally down by Rs 30 to Rs 38,955 in absence of festival buying and weak global prices.
The precious metal contracts for December delivery traded up by Rs 163, or 0.42 per cent, to Rs 38,700 per 10 gram in a business turnover of 435 lots.
Finance Minister Nirmala Sitharaman on Friday in her maiden budget speech has an announcement that might not be music for the middle-class consumers who buy gold for various reasons. The government has increased customs duty on gold and other precious metals to 12.5 per cent from the existing 10 per cent, said Finance Minister in the Lok Sabha.
New Delhi: Extending declines for the fourth day, gold prices on Tuesday fell by another Rs 50 to close at Rs 28,550 per ten gram at the bullion market in the national capital due to
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