New Delhi, May 12 (PTI) Gold in the national capital on Thursday jumped Rs 241 to Rs 50,797 per 10 grams, supported by a sharp fall in rupee, according to HDFC Securities.

The precious metal had ended at Rs 50,556 per 10 grams in the previous trade.

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In contrast, silver declined by Rs 729 to Rs 60,158 per kg from Rs 60,887 per kg in the previous trade.

Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday.

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In the international market, gold was trading marginally lower at USD 1,851 per ounce while silver was flat at USD 21.30 per ounce.

"Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,851 per ounce on Thursday. Gold prices witnessed knee-jerk reaction post US inflation data," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)