Today, gold futures were up 0.49 % to Rs 40,169 per 10 grams, while silver futures were up 0.49% t Rs 45,755 per kg.

Globally, gold prices inched up after a sharp drop in the previous session. Spot gold was up 0.2 per cent to $1,555.41 per ounce by 00:50 GMT.

Yesterday, prices declined over 1.5% to their lowest since January 21 at $1,548.70. US gold futures rose 0.2% to $1,558.40.