Continuing its slide for the fourth consecutive day, gold prices on Thursday dipped below Rs25,000 by losing Rs40 to trade at over four-year lows of Rs24,980 per 10 grams at the domestic bullion market. Moreover, the precious metal was trading at five-year lows in the global market. Besides, there was an easing demand from jewellers as retailers deferred their buying plans on hopes of further dip in the yellow metal prices.
On the other hand, silver managed to recover some grounds on the back of scattered demand from consuming industries and rose by Rs100 to Rs33,800 per kg. Bullion traders saw a weak trend in gold where it traded at nearly five-year lows in global markets in anticipation of a possible rate hike by the US Federal Reserve in coming months.