Silver, however, recovered modestly on stray buying from industrial users.
Standard gold (99.5 purity) eased by Rs 20 to end at Rs 30,050 per 10 grams from last Saturday's closing level of Rs 30,070.
Pure gold (99.9 purity) went down by Rs 30 to finish at Rs 30,180 per 10 grams from Rs 30,210.
However, silver ready (.999 fineness) gained Rs 40 per kg to conclude at Rs 54,670 from Rs 54,630 last weekend.
In Europe, gold was trading in a range-bound trade on lower dollar, as investors awaited clearer direction ahead of central bank policy later this week.
Spot gold was little changed at USD 1,614.39 an ounce in early trade, while silver was bid up at USD 28.12 an ounce.
