<p>Gold prices on Wednesday declined Rs 252 to Rs 49,506 per 10 gram in the national capital, according to HDFC Securities.</p>.<p>In the previous trade, the precious metal had closed at Rs 49,758 per 10 gram.</p>.<p>Silver also dipped Rs 933 to Rs 66,493 per kg, from Rs 67,426 per kg in the previous trade.</p>.<p>In the international market, gold was quoting with gains at USD 1,868 per ounce and silver was flat at USD 25.53 per ounce.</p>.<p>Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, "Gold prices edged higher as grim US consumer and housing data bolstered hopes for further stimulus to support an economic recovery."</p>.<p>He, however, added that a new coronavirus strain in the UK has caused several countries around the world to shut their borders to Britain, and drug makers are scrambling to test their COVID-19 vaccines against it. "This has given further support to the metal prices."</p>
<p>Gold prices on Wednesday declined Rs 252 to Rs 49,506 per 10 gram in the national capital, according to HDFC Securities.</p>.<p>In the previous trade, the precious metal had closed at Rs 49,758 per 10 gram.</p>.<p>Silver also dipped Rs 933 to Rs 66,493 per kg, from Rs 67,426 per kg in the previous trade.</p>.<p>In the international market, gold was quoting with gains at USD 1,868 per ounce and silver was flat at USD 25.53 per ounce.</p>.<p>Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, "Gold prices edged higher as grim US consumer and housing data bolstered hopes for further stimulus to support an economic recovery."</p>.<p>He, however, added that a new coronavirus strain in the UK has caused several countries around the world to shut their borders to Britain, and drug makers are scrambling to test their COVID-19 vaccines against it. "This has given further support to the metal prices."</p>