(PTI) Gold price fell by ₹70 to ₹60,050 per 10 gram in the national capital on Wednesday amid a decline in rates of the precious metal overseas, according to HDFC Securities.
In the previous trade, the yellow metal had settled at ₹60,120 per 10 gram.
Silver also tumbled ₹400 to ₹73,600 per kilogram.
In the global markets, gold was trading lower at USD 1,929 per ounce while silver was up at USD 23.84 per ounce.
Gold prices are stuck in a lower range as investors await US inflation data for July to be released on Thursday for further cues on the Fed's monetary policy path, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Meanwhile, in futures trade, the October contract of gold declined by ₹12 to ₹59,236 per 10 gram in afternoon deals on MCX. Also, September contract of silver plunged by ₹105 to ₹70,111 per kg on MCX.