Gold prices dropped for the second straight day on the bullion market here today on persistent stockists offerings on the back of fall in global markets.
Silver prices also moved down further in line with gold prices.
Gold futures fell again in New York, ending below $900 an ounce as traders sold the metal to raise cash amid growing concerns over the health of major US banks and the potential impact of the swine flu outbreak.
Gold for June delivery lost $14.60 an ounce to end at $893.60 on the comex division of New York Mercantile Exchange. May silver also lost by 55.5 cents to $12.40 an ounce.
In the domestic market, standard gold (99.5 purity) dropped by Rs 150 per ten grams to Rs 14,535 from yesterday's closing level of Rs 14,685.
Pure gold (99.9 purity) also slipped to Rs 14,605 from Rs 14,750.
Silver ready (.999 fineness) tumbled by Rs 240 per kilo to Rs 21,445 from Rs 21,685.
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