New Delhi, Dec. 2 -- Gold prices on Multi Commodity Exchange of India (MCX) opened lower Tuesday amid profit booking after a steep rally in the previous session. Silver prices also declined more than 1.5%.

MCX gold rate opened lower at Rs.1,30,109 per 10 grams as against its previous close of Rs.1,30,652 level. MCX silver price opened lower at Rs.1,80,701 per kg as compared to its previous close of Rs.1,82,030 level.

In the international market, gold prices edged lower after it touched a six-week peak in the previous session, as investors booked profits even as they awaited remarks by the Federal Reserve Chair and key economic data for interest rate cut cues.

Spot gold price fell 0.2% to $4,222.93 per ounce, after hitting its highest l...