Silver also fell by Rs. 180 to Rs. 44,620 per kg on lack of buying support from industrial units and coin makers.
Emergence of profit-selling by stockists at prevailing higher levels mainly kept pressure on gold prices to surrendered moderate ground, traders said.
Local demand dried up at current levels and appreciation of rupee against the US dollar also influenced gold, they added.
On the domestic front, gold of 99.9 and 99.5 per cent purity dropped by Rs. 340 each to Rs. 30,200 and Rs. 30,000 per 10 grams, respectively. It shed Rs. 80 in last two trading sessions.Sovereign declined by Rs. 50 at Rs. 25,250 per piece of 8 grams.
In line with a general weak trend, silver ready moved down by Rs. 180 to Rs. 44,620 per kg and weekly-based delivery by Rs. 30 to Rs. 44,370 per kg.The white metal had lost Rs. 300 on Friday.