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The precious metal had closed at Rs 45,735 per 10 grams in the previous trade
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Rising bond yield and recovery in economies seem to be affecting gold and silver demand, said Anuj Gupta, Deputy Vice- President, Commodity and Currency Research at Angel Broking.
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Watch the interview of Tapan Patel, senior research analyst of HDFC Securities to know how to invest in virtual gold.
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In the previous trade, it had closed at Rs 45,807 per 10 gram
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Currently, gold is hovering near the Rs 46,000-mark, down Rs 10,000 from the August 2020 peak
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The current low price of gold is a good chance for people to invest in the yellow metal, but a staggered buying approach is advisable, says Ravindra Rao, Kotak Securities
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In the previous trade, the precious metal had closed at Rs 46,187 per 10 grams
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For short term, one may seen some profit booking and gold may test Rs 45,000-44,000 levels, said experts.
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"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 (Commodities)
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"Spot gold prices for 24 karat in Delhi fell marginally by Rs 9 with range-bound global gold prices," said Tapan Patel, HDFC Securities Senior Analyst (Commodities).