Gold prices declined for the second straight session at the bullion market here today on weak offtake by stockists amid mute local buying interest even as the metal strengthened overseas.
Silver also dropped by Rs 135 per kg due to reduced offtake by industrial units.
Standard gold (99.5 per cent purity) fell by Rs 115 to end at Rs 31,180 per 10 grams from Thursday's close of Rs 31,295.
Pure gold (99.9 per cent purity) also slipped by the same amount to settle at Rs 31,330 per 10 grams against Rs 31,445 yesterday.
Silver (.999 fineness) declined by Rs 135 per kg to Rs 39,270 compared to Rs 39,405 previously.
Globally, gold edged higher but was likely to revisit five-week lows after the prospect for a Korean denuclearisation deal eroded bullion's safe haven appeal.
Spot gold was up 0.1 per cent at USD 1,318 per ounce at early trade.
Silver was up 0.3 per cent to USD 16.52 per ounce.
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