Both the precious metals, gold and silver, declined further at the bullion market here today due to sustained offerings by stockists and traders in tandem with weak trend in global markets.
"Apart from global volatility, lack of local buying interest at existing levels continued to weigh on the trading sentiments," traders said.
Standard gold (99.5 per cent purity) dropped by Rs 120 to close at Rs 20,120 per 10 grams from overnight level of Rs 20,240.
Pure gold (99.9 per cent purity) also fell by a similar margin to finish at Rs 20,215 per 10 grams from Rs 20,335 yesterday.
Silver ready (.999 fineness) slumped by Rs 675 per kg to end at Rs 40,510 from Rs 41,185 previously.
In New York, gold for December delivery lost by $37.80 an ounce to $1,365.50 on the Comex Division of NYMEX.
Silver for December delivery, too, fell by $1.46 to $25.94 an ounce.