Silver also dropped on sustained selling by speculators amid poor industrial offtake.
Standard gold (99.5 purity) fell by Rs 60 to conclude at Rs 26,685 per 10 grams from overnight closing level of Rs 26,745.
Pure gold (99.9 purity) also lost by a similar margin to end at Rs 26,835 per 10 grams compared to Rs 26,895.
Silver (.999 fineness) shed by Rs 110 to settle at Rs 38,230 per kg from Rs 38,340 yesterday.
Spot gold was bid lower at USD 1,206.00 an ounce, while spot silver was little changed at USD 16.81 an ounce in early European trade.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%