India, June 18 -- Gold prices declined for the third consecutive session on Thursday, falling by Rs.960 to Rs.1.53 lakh per 10 grams in the national capital, while silver witnessed a steep drop of Rs.6,660 per kilogram amid weakening safe-haven demand and firm equity markets.

According to the All India Sarafa Association, gold of 99.9 per cent purity slipped to Rs.1,53,440 per 10 grams (inclusive of taxes), compared to the previous close of Rs.1,54,400. Silver also fell sharply to Rs.2,48,740 per kilogram from Rs.2,55,400 in the previous session.

Market analysts said bullion prices came under pressure due to gains in domestic equities and an appreciating rupee against the US dollar, prompting investors to shift away from safe-haven asse...