New Delhi: Gold prices have risen once again on Wednesday after falling for five consecutive days. On Wednesday, the price of gold has increased by Rs 86 (0.17 per cent), after which the price of 10 grams of gold has gone up to 51,010. The fall in the price of silver has been recorded. The price of silver has fallen by Rs 256 (0.40 per cent), bringing the price of one kg of silver to Rs 63,751.

On Tuesday, the price of gold fell by 0.67 percent, after which its price has gone up to 50,924. The price of silver has fallen by 2.38 percent, after which the price of one kg of silver has gone up to Rs 64,007. In the global market, spot gold gained 0.07 percent to $ 1,924.50 an ounce while spot silver fell 0.13 percent to $ 26.24 an ounce.

Indian analysts have speculated that gold prices may decline further. Anuj Gupta of Angel Broking Ltd, DVP-Commodities and Currency Research has reported that, today traders can sell gold at a level of Rs 51,400 with a stop loss of Rs 51,950 for a target of 50,600. They can sell silver at a rate of Rs 65,200, with a loss of 66,800 levels and a target of 63,000 levels.

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