Snapping its two-day winning run, gold prices plunged by Rs 190 to Rs 25,300 per 10 grams at the bullion market in the national capital as demand from jewellers and retailers at prevailing levels eased even as the precious metal strengthened overseas.
Silver followed suit and declined by Rs 150 to Rs 34,050 per kg on reduced offtake by industrial units and coin makers.            
Traders said fall in demand from jewellers and retailers at existing levels mainly pulled down the prices but a slightly better trend in global markets, limited the fall.
Globally, gold rose 0.4 per cent to $1,097.99 an ounce in Singapore as investors felt that the Federal Reserve would keep interest rates lower for longer.
Silver also rose 0.6 per cent to $14.64 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity tumbled by Rs 190 each to Rs 25,300 and Rs 25,150 per ten grams, respectively.
The precious metal had gained Rs 440 in last two sessions.