Gold prices plunged Rs 400 to Rs 62,850 per 10 grams in the national capital on Wednesday amid a decline in precious metal's demand internationally, according to HDFC Securities.
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In the previous trade, the yellow metal had settled at Rs 63,250 per 10 grams.
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In the global markets, gold and silver were down at $2,029 per ounce and $24.26 per ounce, respectively.
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Silver also tumbled Rs 400 to Rs 78,100 per kilogram.