Markets experienced profit-taking and shed nearly a percent, erasing the gains of the previous trading session.

Gold prices have edged lower mainly due to profit-taking after prices hit an all-time high earlier in the week and weak Swiss gold export data in June. 

The markets extended their upward movement for another session, gaining over half a percent, continuing the existing uptrend. After an initial decline, the Nifty experienced sharp oscillations on both sides in the first half,

Gold is consolidating just below its recent record high on growing U.S. interest-rate cut hopes. The precious metal continues holding above the $2,487.4 an ounce support.

The markets traded subdued and closed nearly unchanged today, pausing after recent gains. 

Gold prices continue holding above the key mark of $2,400 per ounce. 

The markets began the week positively, building on Friday's gains

Gold prices held above the key mark of $2,400 per ounce, as traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate reductions.

Markets resumed their uptrend after a brief pause, gaining nearly one percent. 

Gold futures dropped to $2,410.2 a troy ounce, giving back some gains from Thursday's rally but holding above the $2,400 mark on softer-than-expected U.S. inflation data.