Elsewhere, silver also dipped further owing to subdued demand from consuming industries.
Standard gold (99.5 purity) slipped by Rs 200 to conclude at Rs 30,435 per 10 grams from its overnight closing value of Rs 30,635.
Pure gold (99.9 purity) also fell by a similar margin to end at Rs 30,585 per 10 grams as compared to Rs 30,785 earlier.
Silver (.999 fineness) dropped by Rs 130 per kg to settle at Rs 38,180 from Tuesday's finish of Rs 38,310.
Spot gold was at USD 1,328.80 an ounce at early trade.
Among other precious metals, silver was flat at USD 16.45 an ounce.
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