 "Precious metals surge: Gold falls Rs 105 on stronger rupee, weak cues; silver surges by Rs 505")
New Delhi: Gold prices on Thursday declined Rs 105 to Rs 38,985 per 10 gram in the national capital on a stronger rupee and weak global cues, according to HDFC Securities. However, silver surged by Rs 509 to Rs 46,809 per kg here from its previous close of Rs 46,300 per kg. [caption id=“attachment_6687851” align=“alignleft” width=“380”]  Sets of gold bangles are displayed in a showcase of a showroom. Reuters[/caption] On Wednesday, gold closed at Rs 39,090 per 10 gram. “International gold prices traded weak on Brexit hopes and the US-China trade deal optimism,” HDFC Securities Senior Analyst - Commodities Tapan Patel said. Gold was trading lower at $1,488 an ounce in the international market, while silver quoted higher at $17.45 per ounce. The Indian rupee was trading 18 paise stronger against dollar during the day and weighed on gold prices, he added.
On Wednesday, gold closed at Rs 39,090 per 10 gram.
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