Silver however recouped marginally following fresh speculative buying.
Standard gold (99.5 purity) eased by Rs 30 to close at Rs 26,865 per 10 grams from Friday's close of Rs 26,895.
Pure gold (99.9 purity) also moved down by a similar margin to finish at Rs 27,015 per 10 grams as compared to Rs 27,045 earlier.
Silver (.999 fineness) rose by Rs 50 to end at Rs 37,670 per kg as against Rs 37,620 yesterday.
US gold futures for December delivery settled down at USD 1,182.10 an ounce and silver eased to USD 16.03 an ounce.
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