Prices fell in morning trade due to profit booking by traders in the domestic market.
Globally, gold prices eased on Wednesday after rising by over 1% yesterday on recession worries.
Spot gold fell 0.4% at $1,535.69/ounce. However, the rate is hovering at a six-year high due to the US-China trade tiff.
Gold rose more than 1% in the previous session as an inversion in the US yield curve deepened adding fresh concerns a recession in the US. The yield curve inversion deepened to levels unseen since 2007.