Gold prices Tuesday declined by Rs 30 to Rs 16,990 per 10 gram in the bullion market here on reduced offtake amid weakening global trend.
Silver fell by Rs 100 to Rs 28,100 per kg on lack of buying support from industrial units.
Fall in demand due to off marriage and festival season influenced the trading sentiment, marketmen said.
Gold in the overseas markets, which normally set the price trend on the domestic front here, fell by USD 4.50 dollar to 1,153 dollar an ounce.
Standard gold and ornaments fell by Rs 30 each to Rs16,990 and Rs 16,840 per ten gram respectively. Sovereign remained flat at Rs 14,050 per piece of eight gram.
Silver ready declined by Rs 100 to Rs 28,100 per kg and weekly-based delivery by Rs 85 to Rs 27,710 per kg.
However, silver coins continued to be asked around previous level of Rs 33,600 for buying and Rs 33,700 for selling of 100 pieces.