However, silver bounced Rs 600 to Rs 79,100 per kilogram.
In the futures trade on the MCX, February contract of gold increased Rs 25 to Rs 62,440 per 10 grams.
However, March contract of silver declined Rs 126 to Rs 75,360 per kg on the bourse.
Gold was trading lower at USD 2,037 per ounce, while silver was up at USD 24.25 per ounce in the global markets.