India, Oct. 9 -- The prices of gold and silver retreated from record highs in India on Thursday due to profit-booking, amid the prospect of a Israel-Gaza ceasefire.

The gold price today fell 0.89% to Rs.1,22,111 per 10 gm after hitting a record high of Rs.1,23,450 per 10 gm on Wednesday, according to data from the Multi Commodity Exchange of India. The silver price also retreated 0.67% from its peak to trade at Rs.1,48,847 per kg.

Globally, bullion futures booked profits. Comex Gold for December delivery fell 0.34% to $4,056.85 per ounce, after hitting a record $4,081 per ounce on Wednesday. Comex Silver futures for December delivery fell 1.17% to $48.42 per ounce, after hitting a high of $49.19 per ounce on Wednesday.

"Gold prices pul...