Silver also lost Rs 350 to Rs 45,250 per kg on lack of buying support from industrial units and coin makers.
Traders said besides stockists selling, a weakening global trend where gold posted its biggest decline in almost seven months as Portuguese banking concerns eased and equities gained, diminishing safe-haven demand.
Gold in New York, which normally sets price trend on the domestic front, fell 2.3 per cent to $1,306.70 an ounce, the biggest loss since December 19 and silver by 2.5 per cent, the most since April 15, to $20.91
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