Gold and silver prices declined on Thursday in the national capital. According to HDFC Securities, the gold price in the national capital recorded a decline of Rs 339 per 10 grams. Due to which, gold price fell to Rs 48,530 per 10 grams. HDFC Securities said that in the previous session, the rate of gold was at Rs 48,869 per 10 grams. Value of silver declined by Rs 475 per kg and came down to Rs 70,772 per kg on Thursday. In the previous session on Wednesday, the price of silver in the city was at Rs 71,247 per kg. Experts said that the effect of the fall in the prices of gold and silver in the global market was seen in the Indian bullion market as well.