Bullion traders attributed the fall in prices of the yellow metal to a weak global trend, where gold ruled below USD 1,200 an ounce, and subdued demand from jewellers and retailers.
Gold in Singapore, which normally sets price trend on the domestic front, traded a shade lower at USD 1,191.47 an ounce from USD 1,192.78.
In the national capital, gold of 99.9 and 99.5 percent purity tumbled by Rs 180 each to Rs 26,870 and Rs 26,720 per 10 grams, respectively. It had lost Rs 70 on Tuesday.
The Sovereign, however, remained steady at Rs 23,600 per piece of eight grams. In line with an overall trend, silver ready declined by Rs 60 to Rs 36,800 per kg and weekly-based delivery by Rs 215 to Rs 36,345 per kg.
Silver coins, however, traded at last level of Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.

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