Both the precious metals, gold and silver, drifted on the bullion market today on reduced offtake by stockists at existing higher levels, amid weakening global trends.
While gold fell by Rs 100 to Rs 20,520 per 10 grams, silver dropped by Rs 300 to Rs 45,800 per kg.
Trading sentiment turned bearish after gold fell from a three-week high in global markets as advancing dollar against leading currencies eroded demand for the precious metals as an alternative asset.
Gold in global markets, which normally sets a price trend on the domestic front, fell by $6.70 to $1356.80 an ounce and silver by 0.99% to $29.91 an ounce.
Retail customers refraining from purchasing gold at existing higher levels also dampened the trading sentiment, they said.
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