Silver continued its slide following heavy speculative sell-off and sluggish industrial demand.
Standard gold (99.5 purity) declined by Rs 140 to end at Rs 26,945 per 10 grams from Tuesday's closing level of Rs 27,085.
Pure gold (99.9 purity) also fell by a similar margin to conclude at Rs 27,095 per 10 grams from Rs 27,235.
Silver (.999 fineness) slumped by Rs 850 to finish at Rs 37,000 per kg as compared to Rs 37,850 yesterday.
Gold for February delivery moved down to close at USD 1,194.30 an ounce and silver dived to USD 15.75 an ounce at the NYMEX.
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