The price of gold declined by Rs200 to hit Rs214,000 per tola. Gold 10 grammes reached Rs183,470 after recording a delinked of Rs172.

In the international market, the price of gold bullion eased by $15 to clock in at $1,988 per ounce.

It is pertinent to mention that the rupee has been under pressure in the interbank foreign exchange market amid a high demand for the dollar by importers.

On Tuesday, the greenback gained Rs1.1 to reach Rs286.39 at the closing of the market, as against the closing of Rs285.29 the previous day.

In the open market, the foreign currency was trading at Rs287.5.