Gold slipped by Rs 95 to end at Rs 29,340 per 10 grams at the bullion market here today following subdued demand from stockists and retailers.
Silver edged up by Rs 5 to Rs 38,700 per kg on mild offtake from industrial units.
Standard gold (99.5 per cent purity) fell by Rs 95 to close at Rs 29,340 per 10 grams from Wednesday's closing level of Rs 29,435.
Pure gold (99.9 per cent purity) also moved down by the same amount to end at Rs 29,490 per 10 grams compared to Rs 29,585 earlier.
However, silver (.999 fineness) moved up by Rs 5 to conclude at Rs 38,700 per kg as against Rs 38,695 yesterday.
Overseas, gold steadied in early trade after hitting a 3-1/2 month high in the previous session as profit-taking set in amid worries over looming US rate hikes.
Spot gold edged up at USD 1,313.68 an ounce early European trade while US gold futures dropped to USD 1,314.80.
Spot gold marked its highest level since September 15 at USD 1,321.33 yesterday, but then dropped as the dollar recovered after minutes from the Federal Reserves Dec policy meeting bolstered expectations for more US interest rate hikes.
Silver fell to USD 17.11, after hitting a six-week high as on Wednesday at USD 17.24.
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