Gold prices fell by Rs. 110 to Rs. 26,700 per ten grams in the national capital on Saturday due to reduced off take against stockists selling sparked by a weak global trend.
Silver, however, held steady at Rs. 43,700 per kg in restricted buying.
Traders said stockists selling in tandem with a weak global trend as the dollar jumped to a 34-month high and a Federal Reserve policy maker said US monetary stimulus may be reduced within months, mainly influenced the sentiment.
Gold in New York, which normally sets price trend on the domestic front, fell 1.6 per cent to $1,364.70 an ounce.
Besides, retail customers refrained from making fresh purchases owing to off marriage and festival season.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs. 110 each to Rs. 26,700 and Rs. 26,500 per ten grams, respectively.
Sovereign continued to remain on previous level of Rs. 23,700 per piece of eight gram.
On the other hand, silver ready held steady at Rs. 43,700 per kg while weekly-based delivery declined by Rs. 300 to Rs. 43,655 per kg on lack of speculators buying support.
However, silver coins spurted by Rs. 1,000 to Rs. 75,000 for buying and Rs. 76,000 for selling of 100 pieces.