New Delhi, November 14: Gold prices declined by Rs 150 to Rs 17,000 per ten gram in the bullion market here today on fall in demand at existing higher levels even as the metal remained high in global markets.
Silver followed suit and tumbled by Rs 370 to Rs 27,350 per kg on poor offtake by industrial units.
Marketmen said considerable fall in demand at existing higher levels mainly pulled down gold prices from record high level.
Gold surged to Rs 17,150 per ten gram in the previous session after the metal in international markets remained on record setting spree ever since the Reserve Bank of India bought 200 tons of the precious metal from the International Monetary Fund last month.
They said global trend, which normally set a price band in domestic market failed to influence the trading sentiment.
–PTI