Silver also tumbled on hectic speculative profit taking after yesterday's rally.
Standard gold (99.5 purity) declined by Rs 95 to close at Rs 32,000 per 10 gm from Wednesday's closing level of Rs 32,095.
Pure gold (99.9 purity) fell by Rs 100 to finish at Rs 32,145 per 10 gm from Rs 32,245.
Silver ready (.999 fineness) slumped by Rs 1,065 per kg to conclude at Rs 62,335 as compared to Rs 63,400 previously.
In New York, gold eased on cautious session amid growing expectations of further monetary measures from US Federal meet.
Gold for December delivery went down USD 1.20 to settle at USD 1,733.70 an ounce on the Comex division of the NYMEX late yesterday.
Silver for December contract ended lower by 27 cents to USD 33.29 an ounce.