A stack of alternating layers of nickel and gold was electroplated on a quartz crystal microbalance (QCM). When external magnetic fields of up to 10 kG were applied, changes in the QCM admittance magnitude and phase were observed. A mass-equivalent stack of continuous consecutive layers of nickel and gold was also exposed to magnetic field, but no admittance magnitude and phase changes were observed. The Butterworth–van Dyke model was used to mimic the observed effects by varying only the equivalent resistor component. Since the resistor component changes are attributed to internal shear friction effects, it indicates that the friction at the nickel/gold interface is modulated by the magnetic field.