Gold declines Rs 600 to Rs 1,26,700/10g

Gold prices declined by Rs 600 to Rs 1,26,700 per 10 grams in the national capital on Thursday due to weak global trends and a firm US dollar, according to marketmen. The precious metal of 99.5 per cent purity decreased by Rs 600 to Rs 1,26,100 per 10 grams (inclusive of all taxes). In the international markets, spot gold slipped by USD 16.48, or 0.40 per cent, to USD 4,061.53 per ounce. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.03 per cent, at 100.26. Spot silver was trading 1.22 per cent lower at USD 50.73 per ounce in the overseas trade.