Marketmen said besides low demand from jewellers and retailers at prevailing levels, a weak global trend as the dollar touched a five-year high, damping investor demand for the metal as a safe-haven, weighed on gold prices.
Globally, gold in New York, which normally sets price trend on the domestic front, fell by 1.1 per cent to USD 1,181.90 an ounce and silver by 2.3 per cent to USD 15.77 an ounce in yesterday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 60 each to Rs 27,150 and Rs 26,950 per ten grams respectively. Sovereign, however, enquired at last level of
Rs 23,700 in limited deals.
In line with weak trend, silver ready fell by a whopping Rs 600 to Rs 36,650 per kg and weekly-based delivery by Rs 630 to Rs 36,620 per kg.
Silver coins also plunged by Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.