Gold dips ₹97, silver tumbles ₹1,417

New Delhi Gold in the national capital on Wednesday fell by Rs 97 to Rs 47,853 per 10 gram amid muted global precious metal prices, according to HDFC Securities.

In the previous trade, gold had closed at Rs 47,950 per 10 gram. Silver also tumbled Rs 1,417 to Rs 71,815 per kilogram from Rs 73,232 per kilogram in the previous trade. In the international market, both gold and silver were trading marginally lower at $1,867 per ounce and $27.88 per ounce, respectively.

"Gold prices kept range-bound trading on mixed global cues," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.