Silver also plummeted by Rs 798 to Rs 63,227 per kg.
"Spot gold prices in the Delhi markets traded at Rs 55,520 per 10 grams, down Rs 185 per 10 grams," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.
In the overseas market, gold and silver were trading lower at USD 1,811 per ounce and USD 20.75 per ounce, respectively.
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Seeing Signs of Global Growth Bottoming Out, Inflation CoolingInternational Monetary Fund (IMF) managing director Kristalina Georgieva said the global economy may have turned a corner with signs of “growth bottoming out and inflation trimming down”.
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