However, a firm trend in the precious metal in global market capped the losses.
At the Multi Commodity Exchange, gold prices for delivery in June contracts plunged Rs 119 or 0.42 per cent to Rs 28,508 per 10 grams in a business turnover of 29 lots.
Also, the metal for delivery in far-month August declined Rs 73 or 0.25 per cent to Rs 28,863 per 10 grams in a business volume of 129 lots.
Meanwhile, gold traded 0.02 per cent higher at USD 1,215.30 an ounce in Singapore.
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