After a three-day winning streak, gold prices on Friday slipped to Rs 49,140 per 10 grams, due to a weak trend in the international market. According to the prices given by the Indian Bullion and Jewellers Association, on January 22, the closing rate without GST for gold (purity-999) was Rs 49,140 and for gold with purity-995 Rs 48,943.
Silver prices also declined to Rs 65,792 at the end of Friday.
On the Multi Commodity Exchange, gold prices for February delivery declined by Rs 144, or 0.29 per cent, to Rs 49,304 per 10 grams in a business turnover of 5,435 lots.
In the international market, gold was trading 0.37 per cent lower at USD 1,862.30 per ounce in New York.
The Indian rupee, in the meantime, slipped 4 paise to 73.03 against the US dollar in opening trade on Friday in line with cautious domestic equities.
However, weaker American currency and sustained foreign fund inflows lent some support to the rupee in restricting its fall to a certain extent. At the interbank foreign exchange market, the domestic unit opened lower and went on to touch the lowest level of the Friday morning session at 73.03, registering a 4 paise loss over the previous close.
(With inputs from agencies)
