On Wednesday the Gold prices deteriorated according to the HDFC Securities per 10 grams from Rs 231 to Rs 48,421. In the preceding trade, the last rate closed down at Rs 48,652 per 10 grams. There was also a curved from Rs 65,870 per kilogram the preceding trade Rs 256 to Rs 65,614 per kilogram.
Against the US dollar, the rupee treasured 8 paise to 72.86 in the initial trade on Wednesday. Both gold and silver in the global market were swapping smooth at USD 1,850.5 per ounce and USD 25.41 per ounce.
Due later in the day Gold prices held stable fast of the US Federal Reserve’s monetary policy decision according to Navneet Damani, VP – Commodities Research, Motilal Oswal Monetary Services, and as in the world’s largest economy depositors awaited an incentive package.