New Delhi: Gold prices drifted lower by Rs 110 to Rs 30,590 per 10 gram at the bullion market here despite token buying by jewellers and retailers on the occasion of ‘Dhanteras’ today.
A weak trend in the precious metals overseas mainly led to the fall in gold prices, bullion traders said.
Silver however managed to close steady at Rs 42,700 per kg on scattered demand from coin makers ahead of the Diwali festival.
Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables and is largely celebrated in North and West India.
Despite buying support from jewellers for the auspicious festival of Dhanteras, gold failed to glitter largely due to a weak trend in global market.
