Gold prices declined ₹160 to ₹62,040 per 10 grams in the national capital on Friday amid a fall in international precious metal prices, according to HDFC Securities.
In the previous trade, the yellow metal had closed at ₹62,200 per 10 grams.
Silver, however, climbed ₹650 to ₹77,950 per kg.
"Spot gold prices in the Delhi markets traded at ₹62,040 per 10 grams, down ₹160 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas market, gold was quoting lower at $2,040 per ounce and silver was up at $25.88 per ounce.
Gold prices traded lower in Asian trading hours on Friday.