NEW DELHI: Gold prices fell by Rs 1,000 to Rs 1,23,400 per 10 grams in the national capital on Thursday amid a firm dollar after the Federal Reserve hinted at a slower pace of rate cuts and progress in US-China trade talks.

The precious metal of 99.5 per cent purity depreciated by Rs 1,000 to Rs 1,22,800 per 10 grams (inclusive of all taxes) from Wednesday's close of Rs 1,23,800 per 10 grams, according to the All India Sarafa Association.

In the local bullion market, gold of 99.9 per cent purity had settled at Rs 1,24,400 per 10 grams in the previous market session.

"Gold prices fell on Thursday following hawkish remarks from Federal Reserve Chair Jerome Powell during his press conference after the policy announcement.

"The US central bank cut interest rates by a quarter point, as exp

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