Silver extended its slide due to heavy offloading by stockist coupled with reduced industrial demand.
Standard gold (99.5 purity) declined by Rs 260 to end at Rs 28,180 per 10 grams against last Saturday's closing level of Rs 28,440.
Pure gold (99.9 purity) dipped by Rs 265 to settle at Rs 28,325 per 10 grams from Rs 28,590.
Silver (.999 fineness) slumped by Rs 565 to finish at Rs 45,880 per kg as compared to Rs 46,445 previously.
Spot gold for August moved down at USD 1,321.40 an ounce (28 gm) in early European trade, while silver dropped to USD 21.11 an ounce.