New Delhi, Aug. 11 -- Gold prices on the Multi Commodity Exchange (MCX) fell over 1% on Monday after touching an all-time high above Rs.1,02,000 per 10 grams, tracking weakness in international bullion markets. Silver prices also traded sharply lower.

MCX gold rate declined Rs.1,295, or 1.27%, to an intraday low of Rs.1,00,503 per 10 grams, while MCX silver futures dropped 1.59% to Rs.1,13,047 per kg.

Last week, MCX gold price had surged to a record Rs.1,02,250 per 10 grams, supported by a depreciating rupee and heightened global macroeconomic risks, which boosted its appeal as a safe-haven asset.

The latest pullback comes amid optimism over a potential resolution to the Russia-Ukraine conflict, following the announcement of a meeting ...