Gold slides by Rs 80, silver falls Rs 200

Gold prices fell by Rs 80 to Rs 40,554 per 10 gram in the national capital on Friday amid muted international trend and a stronger rupee, according to HDFC Securities.

On Thursday, the yellow metal had closed at Rs 40,634 per 10 gram.

Silver also declined by Rs 200 to Rs 47,695 per kg from Rs 47,895 per kg in the previous trade.

HDFC Securities Head - Advisory (PCG) Devarsh Vakil said, "Gold prices traded with minor loss as appetite for risk is back with higher equities and lower international gold prices. Strength in rupee also weighed on domestic gold prices."