When you say it should hold pressure for at least 30 seconds, do you mean it should STAY AT 60, or just retain SOME pressure?
It holds at 60 psi for the 2 seconds that the pump is running, then it drops slowly. After 30 seconds it still has 45 psi of pressure.
'97 C/K service manual, page 6E-856, paraphrased.
Cycle ignition to "on" allow fuel pump to prime for it's 2-seconds. Note pressure. Should be 60--66 psi for Vortec small-block. May have to cycle ignition switch more than once, with 10-seconds "off" then back on, to achieve max pressure.
Cycle ignition switch once more, allow pump to run for 2-second prime. "Monitor fuel pressure after the pump stops. The pressure may vary a few pounds, then the pressure should hold steady."
There is no time spec. given.
If you lost two or three pounds in thirty seconds, I'd say it's fine. Losing 15 psi in thirty seconds seems excessive.