Gold prices in India fell sharply for a second day in a row, with futures prices on MCX down 0.23% to ₹38,072 per 10 gram. Domestic gold prices are now down about ₹2,000 from last month's high of ₹40,000 per 10 gram. Tracking gold, silver prices also fell 0.34% to ₹45,266. A weak global trend and a higher rupee weighed on domestic gold price. In global markets, gold prices edged lower today as optimism over US-China trade talks lifted the risk appetite. Equity markets were mostly higher across the globe. Spot gold prices were down 0.2% at $1,491.12 per ounce.