Gold down Rs 123, silver falls Rs 206

Gold in the national capital on Tuesday dipped Rs 123 to Rs 46,505 per 10 grams amid weak international precious metal prices.

In the previous trade, the precious metal had closed at Rs 46,628 per 10 gram. Silver also went lower by Rs 206 to Rs 65,710 per kg, from Rs 65,916 per kg in the previous trade. In the international market, gold was trading lower at $1,795 per ounce and silver was flat at $25.16 per ounce. Tapan Patel, senior analyst (commodities), HDFC Securities, said: "Overall gold prices traded under pressure trading below $1,800, as traders and investors are being cautious ahead of the US FOMC meeting."