Gold prices edged lower in Indian markets today, reflecting the global trend. Silver prices however witnessed a sharper fall. On MCX, August gold futures were off 0.14% at ₹34,980 per 10 gram while October contracts slipped 0.1% to ₹35,560. September silver contracts fell 0.55% to ₹41,558 per kg. In global markets, gold prices slipped today as investors locked in profits ahead of major central bank meetings this month. A higher US dollar, which hovered near multi-week highs against a basket of currencies, also weighed on gold prices.