Gold falls Rs 105 on stronger rupee, weak global cues

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 from its previous close of Rs 46,300 per kg.

On Wednesday, gold closed at Rs 39,090 per 10 gram.

"International gold prices traded weak on Brexit hopes and the U.S-China trade deal optimism," HDFC Securities Senior Analyst - Commodities Tapan Patel said.