Gold loses some glitter

Gold prices fell by Rs 150 to Rs 81,150 per 10 grams in the national capital on Wednesday in line with weak global trends, according to the All India Sarafa Association. Subdued demand from jewellers and retailers also impacted the prices, the association said.

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However, silver remained flat at Rs 96,700 per kg of 99.5 per cent purity declined by Rs 150 to Rs 80,750 per 10 grams against the previous close of Rs 80,900 per 10 grams on Tuesday.

In the futures trade, gold contracts for December delivery fell by Rs 333 or 0.42 per cent to Rs 78,174 per 10 grams on the Multi Commodity Exchange (MCX).

During the day, the yellow metal plunged Rs 1,007 or 1.3 per cent to hit a low of Rs 77,500 per 10 grams.