Silver also snapped two-day rising trend and dropped by Rs 600 to Rs 43,300 per kg on poor offtake by industrial units and coin makers. The white metal had gained Rs 300 in last two sessions.
Traders said apart from profit-selling at prevailing higher levels, a weak global trend as investors assessed an improving US economy and the situation in Ukraine, mainly influenced gold and silver prices.
Gold in Singapore, which normally sets price trend on the domestic front, fell by 1.2 per cent to USD 1,312.41 an ounce and silver by one per cent to USD 19.78 an ounce.
Silver ready dropped by Rs 600 to Rs 43,300 per kg and weekly-based delivery by Rs 360 to Rs 42,820 per kg, while silver coins continued to be asked at last level of Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.