Gold declined by Rs 220 per 10 grams at the bullion market here today on poor offtake by investors amid bearish global cues.
Silver also tumbled by Rs 600 per kg due to poor demand by industrial units and coin makers.
Standard gold (99.5 purity) dropped by Rs 220 to end at Rs 29,580 per 10 grams from Wednesday's closing level of Rs 29,800.
Pure gold (99.9 purity) also moved down by a similar margin to Rs 29,730 per 10 grams as compared to Rs 29,950 earlier.
Silver (.999 fineness) dipped by Rs 600 to conclude at Rs 39,265 per kg as against Rs 39,865 previously.
Globally, gold fell to its lowest in nearly four weeks as the US Federal Reserve signalled it was on track to raise interest rates again in December, driving the dollar to two- month highs versus the yen.
Spot gold was down 0.5 per cent at USD 1,295.51 an ounce at early trade.
Among other precious metals, silver was down 0.9 per cent at USD 16.97 an ounce.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)