)
The yellow metal dipped by Rs 160 to Rs 29,900 per ten grams.
Traders said sluggish demand at prevailing higher levels and market expectation of a correction in the prices mainly led the fall in gold and silver prices.
On the domestic front, gold of 99.9 and 99.5% purity fell by Rs 160 each to Rs 29,900 and Rs 29,700 per ten grams, respectively.
The metal had gained Rs 340 in the previous two sessions.
