Silver also moved down by Rs 200 to Rs 57,900 per kg owing to reduced offtake by industrial units and coin makers.
In New York, gold declined by USD 2.80 to USD 1,658 an ounce and silver by 0.16 per cent to USD 30.36 an ounce.
Sluggish demand at prevailing higher levels also dampened the sentiment here, traders said.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by 200 each to Rs 30,840 and Rs 30,640 per 10 grams, respectively. It had lost Rs 30 yesterday. Sovereigns followed suit and declined by Rs 50 to Rs 25,400 per piece of eight grams.
Similarly, silver ready dropped by Rs 200 to Rs 57,900 per kg and weekly-based delivery by Rs 330 to Rs 57,995 per kg.
Silver coins also plunged by Rs 1,000 to Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app