(PTI) Gold price fell by ₹180 to ₹60,250 per 10 gram in the national capital on Wednesday amid weak global cues, according to HDFC Securities.
The precious metal had closed at ₹60,430 per 10 gram in the previous trade.
Silver also declined ₹400 to ₹76,700 per kilogram.
In the overseas market, gold and silver were quoting lower at USD 1,949 per ounce and USD 24.29 per ounce, respectively.
Gold faced selling pressure following a weak demand outlook and a firm US dollar. Investors are now looking at the US ADP non-farm employment change report, which is due later on Wednesday.
Meanwhile, despite a downgrade to the US credit rating, the dollar is hovering around 102 level, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.