While gold tumbled by Rs 265 to Rs 29,090 per 10 grams, silver dropped by a whopping Rs 2,425 to Rs 55,075 per kg on reduced offtake by jewellers and industrial users.
Poor demand at existing higher levels further dampened the trading sentiment, traders said.
Gold fell the most in more than seven weeks in global markets, as commodities and equities slumped after ratings agency Fitch said that US banks face a 'serious risk' from Europe's debt woes.
They said poor demand at existing
Why Shashi Kapoor watched Rockstar
Max no. of foreign born tech grads from India: US Census
Buddh International Circuit wins Global Award
NBA lockout: Noah considers move to France
Now, credit ratings agencies under EU scanner