Gold declines Rs 142; silver tanks Rs 615

Gold in the national capital on Monday declined by Rs 142 to Rs 47,480 per 10 gram amid rupee appreciation, according to HDFC Securities.

In the previous trade, the precious metal settled at Rs 47,622 per 10 gram.

Silver also moved lower by Rs 615 to Rs 60,280 per kg from Rs 60,895 per kg in the previous trade.

"Spot gold prices for 24 carat at Delhi fell by Rs 142 pressured by rupee appreciation," HDFC Securities, Senior Analyst (Commodities), Tapan Patel said.

In the international market, gold was trading marginally up at USD 1,799 per ounce and silver was flat at USD 22.30 per ounce.

"Gold prices traded firm with spot gold prices at COMEX trading at USD 1,799 per ounce on Monday," he added.