India, Oct. 22 -- Gold and silver prices declined in the national capital on Wednesday as appreciation in the rupee, elevated crude oil prices and weak global trends dampened the sentiment of investors. The yellow metal of 99.9 per cent purity dropped '1,300 to '1,49,000 per 10 grams (inclusive of all taxes), according to the All India Sarafa Association. Gold had closed at '1,50,300 per 10 grams in the previous session. Silver entered into a sliding path after remaining steady for two consecutive sessions, falling '1,600 to '2,13,400 per kilogram. The white metal had settled at '2,15,000 per kg on Monday.

"Gold traded weak on Wednesday, as rupee appreciation continued to add pressure on domestic prices," said Jateen Trivedi, VP Research...