Spot gold was at $1,236.85 per ounce at 0121 GMT. In the previous session, prices touched a peak of $1,241.86, their highest since Oct. 26.
US gold futures were down 0.4 per cent at $1,241.4 per ounce.
Gold Prices soared to a record high of $1,239.50 per ounce on Tuesday, fuelled by speculative interest and tight supplies of the autocatalyst metal, briefly surpassing the bullion.
