Gold price in the national capital fell ₹372 to ₹50,139 per 10 grams on Friday amid a decline in the yellow metal prices in the international market, according to HDFC Securities.
In the previous trade, the precious metal had settled at ₹50,511 per 10 grams.
Silver also declined ₹799 to ₹56,089 per kilogram from ₹56,888 per kg.
In the international market gold was trading in red at $1,621.25 per ounce while silver was down at $18.41 per ounce.
"COMEX spot gold is headed for a second weekly decline, with prices nearing their lowest mark since April 2020 as the dollar stays strong and holdings in the ETF-extended decline," said Dilip Parmar, Research Analyst at HDFC Securities.