Gold price on Wednesday dipped Rs 69 to trade at Rs 52,465 per 10 gram while prices of silver fell over Rs 2,500 to settle at Rs 62,730 per kg, according to Indian Bullion and Jewellers Association.
Both gold and silver have witnessed decline after seven days of gain, according to HDFC Securities.
Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, the price of 22-carat gold rose to Rs 51,250 per 10 gram. Gold in 24 carat in the national capital was retailing at