<p class="title">Gold prices in the national capital dropped Rs 121 to Rs 38,564 per 10 gram on Friday amid a strong rupee and weak international cues, according to HDFC Securities.</p>.<p class="bodytext">Silver was also on a weak ground as it fell Rs 851 to Rs 46,384 per kilogram. In the previous trade, it closed at Rs 47,235 per kilogram.</p>.<p class="bodytext">Gold of 24 Karat had closed at Rs 38,685 per 10 gram here on Thursday.</p>.<p class="bodytext">"Spot gold (Delhi) prices were trading lower amid stronger rupee and weak international cues," according to Devarsh Vakil, head (advisory-PCG), HDFC Securities.</p>.<p class="bodytext">In the international market, gold was ruling lower at USD 1,497.17 per ounce in New York and silver prices were also trading down at USD 17.54 an ounce.</p>.<p class="bodytext">"Gold prices were trading at lowest level of USD 1,497 on COMEX amid ease of trade and geopolitical worries," he added.</p>.<p class="bodytext">The rupee recovered from early lows to trade higher against the US currency in the afternoon session following more than 1 per cent drop in crude oil prices in global markets.</p>
<p class="title">Gold prices in the national capital dropped Rs 121 to Rs 38,564 per 10 gram on Friday amid a strong rupee and weak international cues, according to HDFC Securities.</p>.<p class="bodytext">Silver was also on a weak ground as it fell Rs 851 to Rs 46,384 per kilogram. In the previous trade, it closed at Rs 47,235 per kilogram.</p>.<p class="bodytext">Gold of 24 Karat had closed at Rs 38,685 per 10 gram here on Thursday.</p>.<p class="bodytext">"Spot gold (Delhi) prices were trading lower amid stronger rupee and weak international cues," according to Devarsh Vakil, head (advisory-PCG), HDFC Securities.</p>.<p class="bodytext">In the international market, gold was ruling lower at USD 1,497.17 per ounce in New York and silver prices were also trading down at USD 17.54 an ounce.</p>.<p class="bodytext">"Gold prices were trading at lowest level of USD 1,497 on COMEX amid ease of trade and geopolitical worries," he added.</p>.<p class="bodytext">The rupee recovered from early lows to trade higher against the US currency in the afternoon session following more than 1 per cent drop in crude oil prices in global markets.</p>