"gold-prices"

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 284, or 0.58 per cent, at Rs 49,223 per 10 gram in a business turnover of 11,601 lots.

In the international market, gold declined to USD 1,835 per ounce and silver was flat at USD 23.84 per ounce.

On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 57, or 0.12 per cent, at Rs 47,975 per 10 gram in a business turnover of 13,251 lots.

The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade.

HDFC Securities Senior Analyst (Commodities) Tapan Patel said gold prices traded higher on expectations of more stimulus packages

The rupee depreciated 16 paise and settled at 73.87 against the US dollar on Wednesday as heavy selling in the domestic equity market.

In the international market, gold was trading higher at USD 1,908 per pounce, while silver was quoting flat at USD 24.72 per pounce.

Silver prices also declined Rs 504 to Rs 63,425 per kilogram from Rs 63,929 per kilogram in the previous trade.

Silver, however, rose Rs 126 to Rs 63,427 per kg, from Rs 63,301 per kg in the previous trade