Ludhiana, Nov. 7 -- The sharp fall in gold prices has dampened buying sentiment this Dhanteras with jewellers in the city reporting a decline in sales compared to last year as people, according to them, are preferring to wait amid the likelihood of further fall in prices.

Gold prices, which peaked at around Rs.1.95 lakh per 10 gram in January this year, have fallen to approximately Rs.1.44 lakh by November 6. The downward trend, coupled with expectations of further fall in prices, has prompted many prospective buyers to postpone their purchases, jewellers said.

"This means anyone buying gold now could lose money. As expected, the number of customers this Dhanteras has fallen compared to last year, when gold was priced at around Rs.1.20 ...