On Thursday, the price of gold and silver declined in early trade, with 10 grams of yellow metal trading at Rs 50,620 after falling to Rs 540. The price of silver dipped to Rs 1,100 per kg. The 22-carat gold traded at Rs 46,400 per 10gram.

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In Kolkata, 24-carat gold sells at Rs 50,620 per 10 gram, while 22-carat gold is trading at Rs 46,400 in the respective cities, a similar price in Mumbai. In Delhi, 24-carat gold was traded at Rs 50,770, and 22-carat gold was traded at Rs 46,550 per 10 gm.

Meanwhile, gold prices were subdued on Thursday under pressure as the dollar hovered near a recent peak amid a hawkish US Federal Reserve, while cautious investors also awaited the European Central Bank’s rate action due later in the day.

Spot gold was down 0.1 per cent at $1,717.38 per ounce as of 0135 GMT. US gold futures were up 0.1 per cent at $1,729.90.