Today, gold was trading lower at the Multi Commodity Exchange for February contracts. The precious metal was down 75 rupees to trade at 61,910 rupees per ten gram. Silver futures for March contracts was up 20 rupees to trade at 71,890 rupees per kilogram when reports last came in.

In the global markets, gold was trading up at 2,038 dollars per ounce at COMEX. Silver was trading up at 23 dollars and three cent per ounce in the intra-day trade when reports last came in.