New Delhi

Goldprices plunged by Rs 4,800 to Rs 1,54,400 per 10 grams in the national capital on Wednesday, while silver fell Rs 5,300 to Rs 2,55,400 per kg as weak domestic demand, a stronger rupee and subdued global cues weighed on sentiment.

According to the All India Sarafa Association, gold of 99.9 per cent purity had closed at Rs 1,59,200 per 10 grams in the previous session, while silver settled at Rs 2,60,700 per kg.

Analysts said investors remained cautious ahead of the US Federal Reserve’s monetary policy decision, prompting profit-booking and keeping demand subdued for a second straight session.

Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said gold prices eased as markets awaited key US economic events, particularly the Fed’s rate decision.