Silver also shed Rs 50 at Rs 35,200 per kg on reduced off take by industrial units and coin makers.
Traders said the fall in gold prices was mostly in line with a weak global trend where it held at three-week lows as investors weighed whether the US Federal Reserve will raise interest rates at its meeting next week and fall in demand from jewellers and retailers.
Globally, gold fell 0.30 percent to USD 1,119.40 an ounce and silver shed 0.03 percent to USD 14.57 an ounce in London.
In the national capital, gold of 99.9 and 99.5 percent purity plunged Rs 140 each to Rs 26,700 and Rs 26,550 per ten grams, respectively. The precious metal had gained Rs 110 in yesterday.
Sovereign, however, continued to be traded at previous level of Rs 22,300 per piece of eight gram.
In line with overall trend, silver ready declined by Rs 50 to Rs 35,200 per kg and weekly-based delivery by Rs 350 to Rs 35,100 per kg. However, silver coins was unchanged at Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.


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