After a two-day rally gold prices today declined marginally by Rs 10 to close at Rs 14,890 per ten gram in the bullion market here on lack of buying support amid profit selling by stockists.
With the general flatish trend, silver dropped by Rs 100 to Rs 21,500 per kg due to reduced industrial offtake.
Marketmen said the last two day's upsurge attracted profit selling by stockists and pulled down the prices marginally lower.
Some purchases by retail customers for the ongoing marriage season averted any major fall, they added.
Standard gold and ornaments which had gained Rs 340 each in last two trading session, shed Rs 10 each at Rs 14,890 and Rs 14,740 per ten gram respectively. Sovreign lost Rs 50 to Rs 12,400 per pieces of eight gram.
Similarly, silver ready dropped by Rs 100 to Rs 21,500 per kg and weekly-based delivery by Rs 120 to Rs 21,180 per kg respectively. Silver coins also declined by Rs 200 to Rs 28,000 for buying and Rs 28,100 for selling of 100 pieces.