Gold falls by ₹90 to ₹59,945; silver declines ₹350

"Spot gold prices in the Delhi markets traded at ₹59,945 per 10 gram, down ₹90 per 10 gram."

Women buying gold jewellery at a jewellery shop in Visakhapatnam. File | Photo Credit: V. Raju

Gold price eased by ₹90 to ₹59,945 per 10 gram in the national capital on Tuesday amid weak global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹60,035 per 10 gram.

Silver also went lower by ₹350 to ₹72,250 per kilogram.

"Spot gold prices in the Delhi markets traded at ₹59,945 per 10 gram, down ₹90 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

In the overseas markets, both gold and silver were quoting lower at $1,939 per ounce and $23.05 per ounce, respectively.

Gold prices edged lower in Asian trading hours on Tuesday on high chances of the U.S. debt-ceiling deal being sealed, softer dollar and reduced safe haven demand, Mr. Gandhi said.