Silver prices have fallen sharply from Rs 573 to Rs 58,961 per kg, against Rs 59,534 per kg in the previous trade.
In the international market, gold was trading lower at $ 1,743 per ounce and silver was stable at $ 22.37 per ounce.
“The rise in US bond yields has pushed gold prices to weaken,” said HDFC Securities, senior analyst (commodities) Tapan Patel.
Navneet Damani, vice president of commodities research at Motilal Oswal Financial Services, said: “Gold prices have eased, penalized by a stronger dollar and a sharp rise in US Treasury yields, while that investors were waiting for more information from Federal Reserve officials on the central bank’s change in monetary policy. ”