New Delhi, May 5 (PTI) Gold prices today fell by Rs 135 to Rs 17,250 per ten gram on the bullion market here on heavy selling by stockists after weak global cues.
Silver prices nosedived by Rs 900 to Rs 27,850 per kg.
Gold in the overseas markets, which normally the set the price trend on the domestic front here, dropped 0.4 per cent to 1,166.55 dollars an ounce after the dollar rose on European debt woes and a report showing an unexpected jump in US factory orders.
Marketmen said reports of sovereign debt rise spreading beyond Greece weighed on other financial markets worldwide and investors preferred to buy dollar as safe haven.
Low retail demand for gold due to off marriage and festival season also put pressure on the metals, they added.
