Gold prices fell sharply at the domestic bullion market here today due to a fresh bout of profit-taking by stockists and traders amid bearish global trend.
Silver also took a steep plunge, snapping its three-session uptrend on the back of speculative unwinding.
Standard gold of 99.5 per cent purity dropped by Rs 215 per 10 gm to finish at Rs 27,150 from Monday's closing level of Rs 27,365.
Pure gold of 99.9 per cent purity also shed Rs 205 per 10 gm to close at Rs 27,290 from Rs 27,495.
Silver ready (.999 fineness) plunged by a hefty Rs 915 to conclude at Rs 45,495 per kg, compared to Rs 46,410 yesterday.
On the global front, the shiny metal retreated from its three-week high on investors' selling following stock markets rally.
In Europe, spot gold eased to USD 1,460.60 an ounce in early trade, while silver was sharply lower at USD 23.65 an ounce.
