* Gold slips more than 3 percent

* Top gold mining equities drag on TSX

TORONTO, Oct 4 (Reuters) - Shares of Canada's top gold miners stumbled on Tuesday as the price of the precious metal dropped 3 percent, bringing a three-day rally to an abrupt end.

World No. 1 gold producer Barrick Gold <ABX.TO> was down 6 percent at C$45.70 on the Toronto Stock Exchange, while Goldcorp <G.TO> lost 6.22 percent to C$44.80, and Kinross Gold <K.TO> plunged 8.12 percent to C$13.70.

Intermediate producers Iamgold <IMG.TO> and Centerra Gold <CG.TO> both fell more than 7 percent, while junior producer Semafo Inc <SMF.TO> dropped 13.4 percent to C$7.55.

Spot gold was down 3.2 percent at $1,604.09 an ounce on Tuesday. It has fallen more than 15 percent since hitting a high of $1,920.30 last month.

Despite the pullback, Goldman Sachs reiterated its 12-month gold price target of $1,860 an ounce, while cutting its 2012 forecasts for oil and copper prices.

Silver fell 3.7 percent on Tuesday to $29.23 an ounce, pulling Silver Wheaton <SLW.TO> down 8.24 percent to C$28.19, while Pan American Silver <PAA.TO> slipped 4.78 percent at C$25.88.