Gold prices in India traded lower on the Multi Commodity Exchange (MCX) Wednesday after witnessing a sharp rally in the previous session. International spot prices also fell, while the silver price declined by nearly 1 percent. At 10:40 am, gold futures for April delivery fell 0.14 percent to Rs 44,794 per 10 grams as against the previous close of Rs 44,857 and opening price of Rs 44,730 on the MCX. Silver futures traded 0.68 percent lower at Rs 67,023 per kg. The prices opened at Rs 66,951 as compared to the previous close of Rs 67,480 per kg.

The revival in the Indian economy is likely to benefit the companies with domestic exposure the most, while the market will move higher due to the liquidity gush, said Nilesh Shah, MD & CEO of Envision Capital.

Gold investors are perplexed by the steep fall in the precious metal price and, hence, are worried about their investment.  The prices of gold have declined to a multi-month low level and are trading below Rs 45,000 per 10 grams in the domestic markets. The rates have fallen over by Rs 11,500 from the record high level seen in August 2020.

CNBC-TV18’s in-house panel of experts has laid down a list of stocks for the investors to buy/sell in trade today.