Precious metals, gold and silver came off from its overnight record highs on the bullion market due to profit taking at higher levels. The other sentiment which dragged the domestic market was weak international market, reports Economic Times.
Meanwhile, standard gold conquered yet another historic high at Rs 17,220 per 10 grams in early trade. Silver ready (.999 fineness) dropped by Rs 265 per kilo to close at Rs 28,695 from Wednesday`s closing level of Rs 28,960. Standard gold (99.5 purity) moved down by Rs 15 per 10 grams to end at Rs 17,190 from Rs 17,205 on Wednesday. Pure gold (99.9 purity) also fell by Rs 20 per 10 grams to finish at Rs 17,280 against Rs 17,300 previously.
In London, gold prices reacted on Thursday from the all-time high above USD 1,150 an ounce it hit in the previous session, as the dollar strengthened against a basket of currencies.
Spot gold eased to USD 1,135.90 an ounce against USD 1,144.70 late in New York on Wednesday. US gold futures for December delivery fell by USD 4.80 to USD 1,136.40 an ounce on the Comex division of NYMEX. Silver also edged down to USD 18.26 an ounce against USD 18.54.
