Gold prices plunged by Rs 1,049 to Rs 48,569 per 10 gram in the national capital on Tuesday following weak global cues.

New Delhi: Gold prices plunged by Rs 1,049 to Rs 48,569 per 10 gram in the national capital on Tuesday following weak global cues.

In the previous trade, the precious metal had closed at Rs 49,618 per 10 gram.

Gold and Silver

Silver also faced selling pressure as it tumbled by Rs 1,588 to Rs 59,301 per kg from Rs 60,889 per kg in the previous trade.

In the international market, gold was quoting lower at USD 1,830 per ounce and silver was flat at USD 23.42 per ounce.