On the Multi Commodity Exchange (MCX), to trade at Rs 1,08,681 per 10 grams around 9:00 am. Silver December futures also edged lower by 0.14%, standing at Rs 1,25,000 per kilogram.
Analysts note that after an extended rally in gold, investors are choosing to lock in profits, creating short-term selling pressure.
In retail markets, the price of 24-carat gold rose marginally by Rs 10, reaching Rs 1,10,519 per 10 grams. Silver, on the other hand, slipped by Rs 100 per kilogram to Rs 1,29,900.
The 22-carat gold rate also registered a small increase of Rs 10, with prices at Rs 1,01,310 per 10 grams in most major cities.
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Mumbai & Kolkata: 24-carat gold at Rs 1,10,520; 22-carat gold at Rs 1,01,310
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Chennai: 24-carat gold at Rs 1,10,720; silver at Rs 1,39,900 per kg
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Delhi: 24-carat gold at Rs 1,10,670; 22-carat gold at Rs 1,01,460; silver at Rs 1,29,900 per kg