Gold prices declined at the bullion market here today, reversing two days of gains, on weak trend overseas and a fall in demand from local jewellers.
Silver also drifted lower due to reduced offtake by industrial units.
Standard gold (99.5 per cent purity) declined by Rs 145 to finish at Rs 31,080 per 10 grams from Monday's closing level of Rs 31,225.
Pure gold (99.9 per cent purity) also moved down by a similar margin to close at Rs 31,230 per 10 grams from Rs 31,375 earlier.
Silver (.999 fineness) slipped by Rs 110 to finish at Rs 39,335 per kg as against Rs 39,445 earlier.
Globally, gold slipped as the dollar surged to a new 2018 high against its rivals, though losses were limited by worries that United States may be set to pull out of a key nuclear accord with Iran.
Spot gold was down 0.3 per cent at USD 1,309.57 per ounce at early trade.
Silver slipped 0.2 per cent to USD 16.41 an ounce.
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