Gold prices fell at the domestic bullion market after yesterday's surge following sustained profit-selling from stockists and investors amidst subdued local demand at the existing higher levels.
Silver also dropped owing to speculative selling.
Standard gold (99.5 purity) declined by Rs 170 to close at Rs 30,570 per 10 grams from Tuesday's closing level of Rs 30,740.
Pure gold (99.9 purity) also slipped by a similar margin to finish at Rs 30,720 per 10 grams from Rs 30,890.
Silver ready (.999 fineness) dipped by Rs 385 to conclude at Rs 45,990 per kg as against Rs 46,375.
At overseas, Gold rose as the dollar moved lower, but was still vulnerable to further losses as strong US data could fuel expectation that the Federal Reserve will soon scale back stimulus. "With Thursday's Thanksgiving holiday in the US approaching, market activity may slow down and only pick up next week," traders said.
In London, spot gold was up at USD 1,252.14 an ounce in early trade and silver also rose to USD 20.07 an ounce.
