Gold, Silver Price Today: Gold prices fell by Rs 640 to Rs 54,269 per 10 gram in the national capital on Wednesday following a decline in international prices of the precious metal, according to HDFC Securities. Also Read - Gold Prices Today, 14th September 2020: Yellow Metal Rates Drops Slightly to Rs 52,465 Per 10 gm, Silver Climbs by Rs 222

The yellow metal had closed at Rs 54,909 per 10 gram in the previous trade. Also Read - Gold Price Today, 09 September 2020: Yellow Metal Rates Slip to Rs 51,140 Per 10 gm | Check Out Rates in Major Cities Here

Silver prices also faced selling pressure and declined by Rs 3,112 to Rs 69,450 per kg from Rs 72,562 per kg in the previous trade. Also Read - Gold Price Today: Yellow Metal Rate Falls by Rs 614, Silver Price Tanks Rs 1,799

In the global market, gold was quoting lower at USD 1,988 per ounce, while silver was trading flat at USD 27.43 per ounce.

“Gold prices pared previous gains on dollar recovery as dollar index witnessed recovery on Wednesday ahead of the US Federal Open Market Committee (FOMC) minutes,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.