(PTI) Gold edged lower by ₹80 to ₹60,120 per 10 grams in the national capital on Tuesday amid a decline in the precious metal in global markets, according to HDFC Securities.
The yellow metal had closed at ₹60,200 per 10 grams in the previous trade.
Silver also plunged ₹800 to ₹74,000 per kg.
Gold declined for the second consecutive day on Tuesday, with spot gold prices in the Delhi markets trading at ₹60,120/10 gram down by ₹80 per 10 gram, Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas markets, both gold and silver were trading lower at USD 1,932 per ounce and USD 23.09 per ounce, respectively.
The Federal Reserve’s potential to continue tightening monetary policy helps the dollar gain some momentum, which is seen as a major factor weighing on the price of gold.
In futures trade, the October contract of gold declined by ₹50 to ₹59,370 per 10 grams in afternoon deals on MCX. Silver futures also declined by ₹225 to ₹71,043 per kg on MCX.
