Silver also moved down owing to lacklustre industrial demand.
Standard gold (99.5 purity) fell by Rs 35 to finish at Rs 29,875 per 10 grams from last Friday's closing level of Rs 29,910.
Pure gold (99.9 purity) also moved down by a similar margin to settle at Rs 30,025 per 10 grams compared to Rs 30,060.
Silver (.999 fineness) eased by Rs 25 to conclude at Rs 41,535 per kg against weekend level of Rs 41,560.
Spot gold fell to a low of USD 1,280.15 an ounce in early trade, and was at USD 1,283.50 an ounce in early trade, down 1.1 percent. US gold futures for August delivery were down USD 8.20 an ounce at USD 1,286.60.
Among other precious metals, silver was down 0.7 percent at USD 17.35.
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