Mumbai, Nov. 5: Gold prices reacted marginally from its overnight record highs on the bullion market in Mumbai on Thursday due to reduced demand from stockists and retailers at higher levels.
Silver also declined in the absence of demand from industrial users.
The yellow-metal hits its historic high on Wednesday on frantic buying by stockists triggered by a rally in global markets.
In London, gold retreated from its record highs as the dollar rose ahead of policy decision from the UK and euro zone, which curbed the appetite for bullion.
Spot gold was bid at $1,090.10 an ounce as against $1,092.35 late in New York on Wednesday.
In the domestic market, standard gold (99.5 purity) fell by Rs 20 per ten grams to end at Rs 16,610 from overnight closing level at Rs 16,630.
Pure gold (99.9 purity) also moved down by a similar margin to close at Rs 16,695 per ten grams to Rs 16,715 on Thursday. — PTI
