Silver also dropped on lack of demand from industrial users. Standard gold (99.5 per cent purity) fell by Rs 75 to end at Rs 30,680 per 10 grams from Tuesdays level of Rs 30,755.

Pure gold (99.9 per cent purity) also eased by a similar margin to close at Rs 30,830 per 10 grams against Rs 30,905, previously.

Silver (.999 fineness) fell by 185 per kg to end at Rs 38,355 from Rs 38,540. Globally, gold prices eased as a recovery in the dollar pulled prices further from the previous days near six-week peak, though a drop in equities on the back of jitters over a US-China trade stand-off kept the metal underpinned.

Spot gold was down 0.6 per cent at USD 1,336.84 an ounce in early trade. Among other precious metals, silver was trading down 0.2 per cent at USD 16.45 an ounce.