On the Multi Commodity Exchange, gold contracts for June delivery traded higher Rs 280 or 0.4 per cent at Rs 70,916 per 10 grams in a business turnover of 23,856 lots.
As per Goodreturns website, the price for gold stands at Rs 6,135 per gram for 22 karat gold and Rs 6,693 per gram for 24 karat gold (also called 999 gold)
International gold prices slipped from near record-high levels on Tuesday, as traders braced for key US inflation report. US gold futures also dipped 0.2 per cent to $2,185.00.