Additionally, receding geo-political worries involving North Korea and the US made the precious metals lose sheen.
Globally, gold fell 0.09 per cent to $1,270 an ounce in Singapore. Fading demand from local jewellers and retailers at the current level pulled down the gold prices further. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell Rs 300 each to Rs 29,750 and Rs 29,600 per 10 grams, respectively.
Sovereign, however, remained flat at Rs 24,500 per piece of eight grams in limited deals. Silver ready dropped as much as Rs 800 to Rs 39,300 per kg and weekly-based delivery Rs 885 to Rs 38,365.
Silver coins saw a price decline of Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)