Silver also eased by Rs 475 to Rs 38,625 per kg on reduced offtake by industrial units and coin makers.
Traders said besides fall in demand at existing higher levels, a weak global trend due to gains in equities reducing demand for the precious metal as a haven, mainly influenced sentiments.
Gold in New York, which normally determine price trend on the domestic front, fell by 0.2 per cent to USD 1,239 an ounce and silver by 0.6 per cent to USD 17.33 an ounce in yesterday's trade.
Sovereign, however, remained stable at Rs 24,300 per piece of eight gram.
Meanwhile, silver ready dropped by Rs 475 to Rs 38,625 per kg and weekly-based delivery by Rs 440 to Rs 38,400 per kg.
Silver coins also plummeted by Rs 1,000 to Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces.