COMMODITY MARKET WATCH: Gold price declined to Rs 105 to Rs 56,160 per 10 grams in New Delhi on Tuesday, January 10  HDFC Securities analysts said.

Gold had ended at Rs 56,265 per 10 grams in Monday's trade. Silver price  also tumbled Rs 833 to Rs 68,725 per kilogram.

''Comex gold prices traded flat in Asian hours on Tuesday after the price rose to an 8-month high on Monday, a sentiment supported by a fall in the US dollar,'' according to the analyst at HDFC Securities.

In the international market, gold was trading flat at USD 1,872 per ounce while silver was down at USD 23.47 per ounce.

''Gold prices traded steady after inching higher hovering around the 7 weeks high as investors largely focus on US Federal Chair Jerome Powell's speech for insights into the RBI's rate hike path,'' Navneet Damani, Senior Vice President, Commodity Research at Motilal Oswal Financial Services, said.

Rupee VS Dollar: The Indian rupee gained 57 paise to close at 81.78 against the US dollar on Tuesday, the biggest single-day gain since November. At the interbank foreign exchange market, the rupee opened at 82.20 and touched an intra-day high of 81.72 and a low of 82.26 against the greenback.It finally ended at 81.78 (provisional), registering a rise of 57 paise over its previous close.

Stock Market: On the domestic equity market front, the BSE Sensex declined 631.83 points or 1.04%t to end at 60,115.48, while the broader NSE Nifty fell 187.05 points or 1.03% to 17,914.15.

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