NEW DELHI: Gold prices eased by Rs 500 to Rs 1,46,400 per 10 grams in the national capital on Tuesday, tracking weak global trends and a steady US dollar.

The 99.9 per cent pure yellow metal closed at Rs 1,46,900 per 10 grams on Monday.

Silver, however, remained steady for the second straight session at Rs 1,92,500 per kilogram (inclusive of all taxes), according to local traders.

Traders said gold prices retreated in the domestic market in line with weakness in international bullion rates, with a steady US dollar adding to the pressure.

Subdued buying during the Diwali period also weighed on the yellow metal, limiting support from festive demand, they added.

In international markets, spot gold fell USD 27.59, or nearly 1 per cent, to USD 4,113.55 per ounce, while silver dropped over 1 per cent to USD 52.77 per ounce.

"Gold is holding near USD 4,100 per ounce, after rising 1 per cent in the previous session as falling oil prices eased inflation concerns ahead of US inflation data," said Akshat Siddhant, Lead Quant Analyst at investment platform Mudrex.

Brent crude slipped below the USD 90-per-barrel mark in overseas trade on Tuesday, declining USD 2.72, or 3 per cent, to USD 89.85, amid hopes of progress towards ending the US-Iran conflict, he said.

The decline in crude prices has eased some inflation concerns, although movements in the dollar and global bullion markets continue to influence gold's near-term direction.

Analysts said investors are tracking movements in crude oil prices and their potential impact on inflation, ahead of key US inflation data that could provide further clues on the Federal Reserve's interest-rate outlook.