(PTI) Gold price declined ₹420 to ₹59,980 per 10 grams in the national capital on Friday amid weak global cues, according to HDFC Securities.
The precious metal had settled at ₹60,400 per 10 grams in the previous trade.
Silver also tumbled ₹570 to ₹74,600 per kg.
"Domestic gold prices were trading lower on Friday, tracking overseas prices," Sriram Iyer, Senior Research Analyst at Reliance Securities, said.
In the overseas markets, both gold and silver were trading lower at USD 1,982 per ounce and USD 24.82 per ounce, respectively.
"Gold price traded lower in Asian trading hour on Friday as recovery continued in dollar after US PCE data rose more than estimated," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.