(PTI) Gold prices dropped by ₹150 to ₹60,200 per 10 gram in the national capital on Tuesday amid a fall in yellow metal prices globally, according to HDFC Securities.
The precious metal had settled at ₹60,350 per 10 gram in the previous trade.
Silver also slumped by ₹300 to ₹76,700 per kilogramme.
In the overseas market, gold and silver were quoting lower at USD 1,959 per ounce and USD 24.50 per ounce, respectively.
Comex gold fluctuated within a narrow range as traders awaited the outcome of the Federal Reserve and the European Central Bank policy meetings.
Meanwhile, the dollar index traded at a near-two-week peak, weighing on precious metals as a stronger dollar makes bullion more expensive for buyers holding other currencies, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
