Gold prices in Indian markets fell today after a sharp rise in the previous session, tracking a similar move in global rates. On MCX, February gold futures prices were down marginally by 0.01% to ₹38,323 per 10 gram. Gold prices on MCX had surged nearly 1% in the previous session. Silver prices however edged higher. On MCX, silver futures prices were up 0.17% to ₹45,372 per kg. In global markets, gold prices were today near one-month highs hit in the previous session.

Gold prices have got a lift after US President Donald Trump’s latest comments dashed hopes for a quick interim trade deal with China. Spot gold prices were today steady at $1,476.55 per ounce, following a sharp 1% rise in the previous session.