Gold prices plunged by Rs 250 to Rs 27,050 per 10 grams at the bullion market on Tuesday amid a weak trend overseas and low demand from jewellers.
In line with overall trends, silver also dropped by Rs 600 to Rs 37,000 per kg.
Gold in Singapore, which normally determines price trend on the domestic front, lost 0.9 per cent to USD 1,195.50 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity plunged by Rs 250 each to Rs 27,050 and Rs 26,850 per 10 grams, respectively.
Sovereign, however, remained flat at Rs 23,700 per piece of eight grams.
Silver ready also dropped by Rs 600 to Rs 37,000 per kg and weekly-based delivery by Rs 385 to Rs 36,700 per kg.
Silver coins plummeted by Rs 1,000 to Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces, mostly in tune with fall in silver prices.
