On the other hand, silver firmed up on good amount of speculative buying from investors amid industrial demand.
Standard gold (99.5 purity) moved down by Rs 30 per 10 gm to close at Rs 30,600 from last Saturday's closing level of Rs 30,630.
Pure gold (99.9 purity) also softened by a similar margin to end at Rs 30,730 per 10 gm from Rs 30,760.
However, silver ready (.999 fineness) gained by Rs 110 per kg to finish at Rs 58,300 as against Rs 58,190 previously.
In Europe, gold rose in a narrow trade as investors played safe ahead of Christmas holidays as well as continued uncertainty over the US fiscal talks.
Spot gold bid higher at USD 1,662.11 an ounce in early trade and silver was bid up USD 30.22 an ounce.
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