Gold futures on MCX fell 0.25% to ₹52,420 per 10 gram, extending losses to the second day.
On the other hand silver fell 0.8% to ₹61,185 per kg.
Today's decline in oil and other commodities was caused by instability in China, which clouded the outlook for demand.
In global markets, spot gold was down 0.4% at $1,749.00 per ounce.
Silver slipped 1.8% to $21.21, platinum fell 0.3% to $978.00 and palladium declined 0.3% to $1,846.94.
We expect gold and silver to remain volatile this week ahead of the U.S.