Snapping two-day of gains, gold prices today fell by Rs 75 to Rs 20,820 per ten grams in line with weak trends in Asia.
After hovering around at its all-time record level of Rs 45,500 a kg yesterday, silver prices too dropped by Rs 600 to Rs 44,800 per kg.
Traders said gold prices declined after the sentiment turned bearish in Asia. Gold lost 0.2 per cent to 1,393.35 dollar an ounce in Singapore. They said signs of US economic recovery boosted the dollar and reduced the metal's appeal.
On the domestic front, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 75 each to Rs 20,820 and Rs 20,700 per ten grams respectively.
The metal had gained Rs 190 in the previous two trading sessions.
Sovereign remained stable at Rs 16,800 per piece of eight gram in restricted buying.
Silver ready dropped by Rs 600 to Rs 44,800 per kg and weekly-based delivery by Rs 630 to Rs 44,340 per kg on poor offtake at existing higher levels.
Silver coins also fell by Rs 300 to Rs 49,000 for buying and Rs 49,100 for selling of 100 pieces.
