Pure gold of 99.9 per cent purity dropped by a similar margin to finish at Rs 26,040 per 10 grams from Rs 26,690 yesterday. Silver also dipped to nearly 26-month low on heavy speculative unwinding.
Silver ready (.999 fineness) slumped by Rs 630 to conclude at Rs 46,360 per kg from Rs 46,990 yesterday. In overseas, gold witnessed a strong rebound on hectic physical buying after the previous session's record-breaking loss, though investors were jittery over more falls on speculations about selling by debt-ridden Cyprus and other eurozone nations. In Europe, spot gold was bid up at USD 1,387.01 an ounce (about 28.35 grams) in early trade. It had dropped to a two-year low of USD 1,321.35 an ounce in previous session.