Gold prices fell by ₹190 to ₹32,000 per 10 gram at the bullion market on Monday, owing to slackened demand from local jewellers amid a weak trend overseas.
On the other hand, silver prices remained steady at ₹38,400 per kg in restricted activity.
Traders said tepid demand from local jewellers and retailers at domestic spot markets due to end of wedding season and a weak trend overseas, mainly weighed on the precious metal prices.
Globally, gold fell 0.07% to $1,238.20 an ounce, while silver traded a shade higher at $14.64 an ounce in Singapore.
In the national capital, gold of 99.9% and 99.5% purity dropped by ₹190 each to ₹32,000 and ₹31,850 per 10 gram, respectively. It had lost ₹30 on Saturday.
Sovereign gold, however, remained steady at ₹25,000 per piece of 8 gram.
Silver ready remained flat at ₹38,400 per kg, while silver weekly-based delivery declined by ₹124 to ₹37,930 per kg.
Silver coins remained unchanged at ₹74,000 for buying and ₹75,000 for selling of 100 pieces.