Gold prices fell at the bullion market here today on subdued demand from jewellers and poor local buying interest amidst bearish trend in overseas markets.
The white metal, silver came under heavy unwinding from stockists and speculators.
"The precious metal is likely see more swings due to unpredictable global events, which is making the domestic market more volatile," traders said.
Standard gold (99.5 per cent purity) declined by Rs 65 to close at Rs 20,085 per 10 grams from Monday's closing level of Rs 20,150.
Pure gold (99.9 per cent purity) also slipped by Rs 60 to finish at Rs 20,180 per 10 grams as against Rs 20,240 yesterday.
Silver ready (.999 fineness) tanked by Rs 545 per kg to end at Rs 40,085 from Rs 40,630 previously.
In Europe, gold turned weak on stronger dollar against major currencies amidst concerns over Irish debt crisis.
Spot gold was bid $1,359.90 an ounce in early trade as against $1,360.09 yesterday.
Spot silver was bid at $25.45 an ounce from $25.42.