The prices of yellow metal declined despite the ongoing token buying for the auspicious festival of Dhanteras.
After losing Rs 1,120 in last four sessions, gold fell further by Rs 50 to Rs 31,400 per ten gram and silver by Rs 450 to Rs 49,100 per kg in continuation with a loss of Rs 550 on Thursday on reduced offtake by industrial units.
However, some token buying for Dhanteras, which is considered to be an auspicious day in Hindu mythology for making fresh purchases, restricted the losses.
Sentiment mainly remained bearish on stockists selling driven by a weak global trend as gold suffered biggest loss in almost three
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