Gold prices moved down further at the domestic bullion market here today due to subdued demand from jewellery stockists as well as lack of local buying support.
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.
Meanwhile, the metal continued to trade above the key USD 1,200 an ounce mark on weak dollar amid investors' caution ahead of March FOMC meet minutes outcome later in the day.
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.
