The precious metal has been under pressure since the start of this year amid hopes of faster global economic recovery and rising US bond yields
The precious metal had closed at Rs 46,313 per 10 grams on February 24
Gold may test levels of Rs 47,500-47,700 in the near term, said Kunal Shah, Head-Commodities & Currency Research at Nirmal Bang
The precious metal had closed at Rs 45,735 per 10 grams in the previous trade
Rising bond yield and recovery in economies seem to be affecting gold and silver demand, said Anuj Gupta, Deputy Vice- President, Commodity and Curren
In the previous trade, it had closed at Rs 45,807 per 10 gram
In the previous trade, the precious metal had closed at Rs 46,187 per 10 grams
"Spot gold prices for 24 karat in Delhi plunged Rs 717 in line with decline in global gold prices," said Tapan Patel, HDFC Securities Senior Analyst (
In the previous trade, the precious metal had closed at Rs 47,508 per 10 grams
In the international market, gold was trading with gains at USD 1,844 per ounce and silver was flat at USD 27.18 per ounce.