Gold prices on Wednesday in India slid with futures on MCX to Rs 48,270 per 10 gram. In the previous session, gold was Rs 19.3 per 10 gram.
On MCX, silver futures plunged nearly 0.61% or Rs 443.8 per kg to the price level of Rs 72,748 per kg.
The gold spot price today were at Rs 46,650, up by Rs 19.3 from Tuesday. At the same time, global spot prices saw a downturn of $1.0 to stand at $1868.9 value today.
Meanwhile global spot prices dropped as per the current close with a value of $1868.9 per Troy ounce. This price level is 6.91 per cent higher than average gold price observed in the past 30 days ($1739.7). Among other precious metals, silver prices saw a fall today. Silver plunged 0.38 per cent to $28.1 per Troy ounce.