Gold prices fell today in India after a sharp rise in the previous session. A similar trend was seen in silver prices. On MCX, prices of December gold futures contracts slipped 0.16% to ₹38,343. Gold prices had jumped 1.3% in the previous session. Silver contracts on MCX slid 0.25% to ₹45,527 after registering a 1.8% jump in the previous session. In global markets, gold prices extended gains to the fourth day today as weak US data bolstered bets of further rate cuts by the Federal Reserve. Spot gold was up 0.2% at $1,508.12 per ounce.