Gold falls by Rs 35; silver prices gain Rs 147

Gold prices fell by Rs 35 to Rs 38,503 per 10 gram in the national capital on Wednesday due to appreciation in rupee, according to HDFC Securities.

The precious metal had closed at Rs 38,538 per 10 gram on Tuesday.

Silver prices, however, rose by Rs 147 to Rs 45,345 per kg from Rs 45,198 per kg in the previous day's trade.

"Spot gold for 24 Karat in Delhi was trading down Rs 35 on rupee appreciation. The spot rupee gained for the second day in a row, appreciating around 15 paise against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.