Gold price plunged ₹350 to ₹60,170 per 10 gram in the national capital on Tuesday amid a decline in the precious metal's prices globally, according to HDFC Securities.
The yellow metal had closed at ₹60,520 per 10 gram in the previous trade.
Silver also tumbled ₹660 to ₹72,880 per kilogram.
"Spot gold in the Delhi markets traded at ₹60,170 per 10 gram, down ₹350 per 10 gram," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas market, gold and silver were quoting lower at $1,957 per ounce and $23.32 per ounce, respectively.
Gold prices were down in Asian trading hours on Tuesday.