Gold prices continued the downward trend on Wednesday as they fell more than Rs 850 amid ease in demand as investors awaited more clarity on US trade deals. Silver prices dropped marginally too.
The 24-carat (999 purity) gold closed at Rs 96,085 per 10 grams, down Rs 887 as compared to the last day's closing price of Rs 96,972, the India Bullion and Jewellers Association (IBJA) latest data showed.
As per the data, silver was priced at Rs 107,280 per kg, down Rs 220 as compared to Rs 107,750, the last day's price.
Gold prices have been hovering around Rs 95,000 and Rs 96,500 amid geopolitical uncertainties.