Gold slid by 0.64% amid soft physical demand from India. Indian gold imports are expected to drop by 30% this year on weak Rupee and drought that curbed households' income.
Silver lost 1% on mixed global equities. However, broadly weaker US Dollar provided slight support for the white metal.
Platinum declined as oversupply in the market persisted. However, turmoil over Western Platinum restricted the downside. On Monday, Lonmin reported than two people were killed and six injured after illegal work stoppage at Western Platinum.
Palladium was the top-loser on weak performance of the base metals. Meanwhile, HSBC analysts expect palladium market to return to substantial deficit in 2012.