Gold drops Rs 128, silver prices plunge Rs 700

Gold fell Rs 128 to Rs 41,148 per 10 grams on Wednesday in the national capital amid fall in global prices of the yellow metal, according to HDFC Securities.

"Spot gold of 24 karat in Delhi declined by Rs 128 with fall in global gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

In the previous trade, the precious metal had closed at Rs 41,276 per 10 gram.

Silver prices also declined by Rs 700 to Rs 46,360 per kg from Rs 47,060 per kg on Tuesday.