Gold declines Rs 265; silver advances Rs 120

New Delhi, May 10 (PTI) Gold prices declined by Rs 265 to Rs 61,585 per 10 grams in the national capital on Wednesday amid a fall in international precious metal prices, according to HDFC Securities.

The yellow metal had ended at Rs 61,850 per 10 grams in the previous trade.

Silver, however, rose by Rs 120 to Rs 77,800 per kilogramme.

“Spot gold prices in Delhi traded at Rs 61,585 per 10 grams, down Rs 265 per 10 grams,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

In the overseas market, gold was trading lower at USD 2,033 per ounce and silver was up at USD 25.88 per ounce.

Gold price traded lower in Asian trading hours on Wednesday.