At the Multi Commodity Exchange MCX), the February contract traded lower by 75 paise, or 0.17%, to Rs 437.65 per kg in 18,003 lots.
Profit-booking by speculators and sluggish spot demand affected the trade.
However, a firming trend in the base metals at the London Metal Exchange capped the losses.
Meanwhile, the three-months' contract climbed 0.5% to $8,089 a metric tonne on the London Metal Exchange (LME) on optimism that demand will rise with manufacturing gains in China and the US, the world's biggest consumers of industrial metals.