The price in Gold in the national capital on Thursday plummeted Rs 491 to Rs 45,735 per 10 gram amid a decline in international Gold prices and rupee appreciation, according to analysts. Silver also tumbled Rs 724 to Rs 61,541 per kilogram from Rs 62,265 per kilogram in the previous trade. In the last trade, the gold had settled at Rs 46,226 per 10 grams.
In the international market, gold was trading lower at USD 1,786 per ounce and silver was flat at $ 23.60 per ounce. "Gold prices traded weak falling below USD 1,790 per ounce with a rally in US bond yields," according to HDFC Securities Senior Analyst, Tapan Patel.
Meanwhile, the Indian rupee inched higher by 5 paise to 73.45 against the U.S. dollar in opening trade on Thursday. On the Indian share market front, the BSE Sensex ended 417.96 points higher and touched life-time high of 59,141.16, while the broader NSE Nifty advanced 110.05 points to record 17,629.50.