Gold prices declined at the bullion market here today due to hectic offloading by stockists despite positive global cues.

Silver, however, closed stable in the absence of market moving factors.

Standard gold (99.5 purity) fell by Rs 65 per ten grams to settle at Rs 16,210 from yesterday's closing level of Rs 16,275.

Pure gold (99.9 purity) dropped by Rs 70 per ten grams to end at Rs 16,295 as against Rs 17,365 previously.

Silver ready (.999 fineness), however, closed unaltered at Rs 24,990 per kilo.

In New York, gold for April delivery rose by $13.40, or 1.3 per cent, to $1,066.20 an ounce on Monday on the Comex division of the NYMEX.

March silver gained by 26 cents to $15.09 an ounce.

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