Silver followed suit and plunged by Rs 770 to Rs 34,200 per kg on poor offtake by industrial units and coin makers.
Bullion merchants said besides a weak global trend, slackened demand from jewellers and retailers at current levels mainly kept pressure on precious metals prices here.
Globally, gold fell by 1.32 percent to USD 1,125.40 an ounce and silver by 3.98 percent to USD 14.11 an ounce in New York in yesterday's trade.
Tracking gold, silver ready dropped by Rs 770 to Rs 34,200 per kg and weekly-based delivery by Rs 955 to Rs 33,515 per kg. Silver coins, however, held steady at Rs 50,000 for buying and Rs 51,000 for selling of 100 pieces.


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