Gold and silver prices fell drastically in the domestic bullion market on Friday due to a weak global trend. In early trade, gold October futures on MCX has fallen by 0.9 percent to 51,306 per 10 grams.

Similarly, silver December futures have fallen by 1.5 percent to 67970 per kg. Gold was up 0.7 percent in the previous session, while silver was up 0.52 percent.

Gold is trading at around 5,000 per ten grams below the record high of 56,200 the previous month. Similarly, silver prices have come down from the recent upper levels by 10,000 per kg.

Gold prices fell in international markets also today. Spot gold was down 0.3 percent at $ 1,947.41 an ounce in the overseas market today. The US dollar fell against the euro in the previous session, but the dollar showed recovery today. Gold prices have fallen strongly in the dollar.