Globally, gold fell 0.65 per cent to USD 1,215.50 an ounce and silver by 0.94 per cent to USD 15.35 an ounce in New York in yesterday's trade.
In addition, considerable fall in demand from local jewellers and retailers at the domestic spot market fuelled the downtrend, they said.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged by Rs 365 each to Rs 30,435 and Rs 30,285 per 10 gram, respectively. The precious metal had gained Rs 150 yesterday.
Sovereign however held steady at Rs 24,600 per piece of eight gram.
Following gold, silver ready declined by Rs 50 to Rs 39,000 per kg and weekly-based delivery by Rs 240 to Rs 37,940 per kg.
Silver coins however remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)