On the MCX, December gold futures slid 0.40 per cent to Rs 50,900 per 10 gm, while silver December futures were at Rs 61,647 per kg.
rose Rs 55 to Rs 50,735 per 10 gram in the national Capital on Tuesday, tracking strong global trends, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 50,680 per 10 gram.
also gained Rs 170 to Rs 61,780 per kilogram, from Rs 61,610 per kilogram in the previous trade. “Spot gold prices
for 24 carat in Delhi were up by Rs 55 on strong global gold prices," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
Gold rose on Tuesday as the dollar slipped and ambiguity regarding the declaration of U.S. presidential results prompted investors to seek the refuge of the safe-haven metal. Spot gold rose 0.6 per cent at $1,906.83 per ounce. gold futures gained 0.8 oer cent to $1,907.50.
"The sole driver behind gold prices
is the high likelihood that there is going to be chaos surrounding the US elections, from the predictions of not having a president by tonight," said Jeffrey Sica, founder of Circle Squared Alternative Investments.