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Gold prices in India decreased today. On MCX, gold futures were down 0.05% at 49,134 per 10 grams while silver futures were up 0.09% at 51,427 per kg.

A Reuters report said that international gold prices had fallen by nearly nine years in the previous session, as the expectation of an economic recovery increased the risk.

After reaching its highest level since September 2011 at $ 1,817.71 on July 8, 2011, the gold spot fell to $ 1,806.30.

Gold gained 0.75 percent to close at $ 1820.60 per troy ounce and silver gained 2.50 percent to $ 19.16 per troy ounce. MCX gold closed at the level of 49,150 and silver 51,300.

In India, sovereign gold bonds and ETFs have seen a strong influx of investors. The fourth installment of this year's Sovereign Gold Bonds, which is currently open for membership, will close on Friday.