(PTI) Gold plunged by ₹170 to ₹60,000 per 10 grams in the national capital on Friday amid fall in precious metal prices in overseas markets, according to HDFC Securities.
In the previous trade, the yellow metal had settled at ₹60,170 per 10 grams.
"Domestic markets gold price came under pressure, causing strength in the rupee," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
However, silver jumped ₹800 to ₹75,300 per kilogram.
In the global markets, gold was down at USD 1,925 per ounce, while silver was trading higher at USD 23.70 per ounce.
Comex gold fell on the back of strong US macro data that stoked expectations that the Federal Reserve will pursue a higher-for-longer stance on interest rates, Gandhi said.