Gold eased by ₹30 to ₹34,050 per 10 gram at the bullion market on Wednesday on subdued demand from local jewellers even as the yellow metal strengthened overseas.
Silver also fell by ₹200 to ₹40,800 per kg on reduced enquiries from industrial units and coin makers.
Marketmen said the fall in gold prices has been mostly attributed to sluggish demand from local jewellers as well as retailers, but a firming trend overseas limited the fall.
Globally, gold rose 0.13% to $1,313.10 an ounce in New York as the dollar fell from multi-week highs, raising demand for the precious metal. Silver was up 0.19% to $15.80 an ounce.
In the national capital, gold of 99.9% and 99.5% purities shed ₹30 each to ₹34,050 and ₹33,900 per 10 gram, respectively. The precious metal had lost ₹200 in the previous two days.
Sovereign gold, however, maintained at ₹26,100 per piece of 8 gram in limited deals.
In line with overall trends, silver ready fell by ₹200 to ₹40,800 per kg and weekly-based delivery dropped by ₹205 to ₹39,624 per kg.
Silver coins, however, remained flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
