Silver prices also fell by around Rs 1,000 to trade at Rs 63,983 per kg.
In the international market also, gold prices fell as spot gold went down by around two per cent to reach $1,722 per ounce.
Commenting on the movement of gold prices, Head of Commodity Research at Kotak Securities, Ravindra Rao said, “COMEX gold trades little changed near $1732 per ounce after a 0.3 per cent gain yesterday.