After back to back losses in two sessions, gold prices drooped slightly by Rs 200 as the price ended at Rs 31,680/10g on Wednesday. The poor demand and the losses overnight in the global markets contributed to a lowered gold rate.

Silver also followed in the footsteps as it dropped by Rs 965 to Rs 61,435 on the same day. The drop in Silver prices was primarily due to the poor offtake by the coin makers and other industries.

Traders said weaker off shores trends also played a major role apart from the poorer demand. However, this drop seems to be temporary and the rate will continue to rise after it recuperates from the global losses, experts said.

(AW- Anil)