Reduced offtake from stockists as well as lack of retail buying support amid continued global-sell-off contributed to the
gold prices decline at the domestic bullion market on Saturday.
Similarly, heavy speculative unwinding amid poor industrial demand also led silver prices decline to close below the important Rs 44,000 per kg mark.
Standard gold of 99.5 per cent purity shed by Rs 125 to conclude at Rs 26,120 per 10 gm from overnight closing level of Rs 26,245.
Pure gold of 99.9 per cent purity fell by Rs 130 to end at Rs 26,255 per 10 gm from Rs 26,385.
Silver ready (.999 fineness) slumped by Rs 300 to finish at Rs 43,800 per kg from Friday's closing level of Rs 44,100.
Selling in precious metals remained unabated for the seventh session on fears over scaling down stimulus programe earlier-than-expected amid improved US consumer- sentiment data and a stronger dollar globally.
Gold for June delivery plunged $22.20 to settle at $1,364.70 an ounce on the Comex division of the NYMEX late on Friday.
Silver July contract declined to settle at $22.35 an ounce.
With PTI inputs 
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