Gold and silver prices fell from their record high levels on emergence of scrap ornament sale by retailers. While gold fell by Rs 110 to Rs 20,910 per ten grams, silver declined by Rs 70 to Rs 43,880 per kg. Trading sentiment turned weak, as retailers indulged in selling scrap jewllery at existing higher levels, while waiting for an appropriate chance to buy new ornaments.Reduced offtake by stockists also pulled down demand for the precious metals.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 110 each to Rs 20,910 and Rs 20,800 per ten gram respectively. The gold had climbed to an all time high of Rs 21,020 in the previous session.
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