Silver for May delivery on the MCX was trading at Rs 57,060 per kg, down Rs 143.

Gold and silver remained steady in the absence of any major global cues.

The partially convertible Indian Rupee depreciated this week and breached the 51 mark, making gold more expensive for buyers taking physical quantities.

Of late, gold has witnessed a more sagging trend, as equities have rallied across the globe and the penchant for riskier assets, has replaced gold. Precious-metals are slowly losing their safe-haven tag.

GoodReturns.in