Gold Declines Rs 150; Silver Nosedives Rs 1,700

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Overall demand for gold in India stood at 191.7 tonnes in the third quarter of the calendar year

Gold price declined Rs 150 to Rs 60,100 per 10 gram in the national capital on Thursday amid a fall in precious metal prices internationally, according to HDFC Securities.

In the previous trade, the yellow metal had closed at Rs 60,250 per 10 gram.

Silver also nosedived Rs 1,700 to Rs 75,000 per kilogram.

In the international market, both gold and silver were down at $1,935 per ounce and $23.55 per ounce, respectively.

Comex gold hit a three-week low due to an uptick in treasury yields following news of more US debt being issued and strong labour market data.

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Yields on U.S. 10-year bonds reached their highest since November on Thursday, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

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