Gold falls by Rs 134, silver declines Rs 169

Gold prices in the national capital fell by Rs 134 to Rs 50,601 per 10 grams on Wednesday, according to HDFC Securities.

In earlier trade, the precious metal settled at Rs 50,735 per 10 grams.

Silver also fell by Rs 169 to Rs 62,787 per kg from Rs 62,956 per kg in the previous trade.

The rupee rose 8 paise to settle at 76.40 (provisional) against the US dollar on Wednesday after RBI’s surprise rate hike ahead of the US Federal Reserve’s policy decision.