New Delhi, June 17 -- Gold and silver prices in India traded lower on the Multi Commodity Exchange (MCX) on Wednesday, amid profit booking after a strong rally in previous sessions, and caution ahead of the US Federal Reserve policy meeting.

MCX gold rate for August futures contracts opened 0.19% lower at Rs.1,52,800 per 10 grams level as against its previous close of Rs.1,53,091 level. MCX silver price for July futures contracts opened 0.18% higher at Rs.2,50,557 per kg as compared to its previous close of Rs.2,50,105 level.

At 9:05 AM, MCX gold rate was trading lower by Rs.371, or 0.24%, at Rs.1,52,720 per 10 grams, while MCX silver price was down by Rs.54, or 0.02%, at Rs.2,50,051 per kg.

In the international market, gold prices ext...