Gold prices had hit record highs last week in India
Higher gold prices have however hurt demand in India
Gold prices eased in Indian markets, tracking similar trend in global markets. On MCX, October gold futures were down 0.54% today to ₹37,734 per 10 grams. Tracking gold, silver prices also softened in Indian markets with September silver contracts on MCX slumping 1.2% to ₹43,302 per kg. Globally, gold prices slipped 0.3% to $1,508.79 an ounce today as some risk appetite was back in equity markets across the globe after a wild week.