On the other hand, silver plunged Rs 520 to Rs 47,050 per kg on reduced offtake by jewellers and industrial units.
Traders said sluggish demand at prevailing higher levels following recent upsurge put pressure on both gold and silver prices.
Weak global trend, where gold declined nearly to its lowest level in three months, further dampened the sentiment, they added.
Gold in Singapore, which normally set price trend on the domestic front, lost 0.5 per cent to $1,266.40 an ounce and silver by 0.3 per cent to $21.20
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Gold, silver plunge on sluggish demand, weak global cues