The MCX precious white metal is now down Rs 592 and the yellow metal is also down Rs 211, respectively. The Indian rupee is quoted at 68.17 as against the US dollar.
Silver and Gold are witnessing losses, while Crude Oil and Brent Oil have advanced.
On lower side, Gold will be supported at Rs 28,700 per 10 grams.
COMEX Gold is trading down 0.8 percent at $ 1,202 per ounce right now.
MCX Gold futures are down 0.15 percent on the day at Rs 28,695 per 10 grams.
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Gold corrects after recent surge