New Delhi, March 17 -- Gold prices traded lower on Monday as investors booked profits at record-high levels, while Indian stock market benchmark indices, Sensex and Nifty 50, rebounded amid short-covering at lower levels.

MCX Gold recently hit an all-time high of Rs.88,310 per 10 grams, but profit-taking has led to some cooling in prices. Meanwhile, Nifty 50 witnessed a recovery but remains nearly 15% below its peak, keeping investors cautious about the market's next move.

The Nifty-to-Gold ratio currently hovers around 2.75, indicating that one needs 2.75 grams of gold to purchase one unit of Nifty 50. Historically, market analysts consider a Gold-to-Nifty ratio within the 2.50 to 2.75 range as a potential entry point for bullish inves...