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In the non-relativistic limit the pseudo-metric reads
$$g_{00}=1-\frac{2MG}{r}, \quad g_{0j}=g_{j0}=0, \quad g_{ij}=-\delta_{ij}.$$
Here, latin indices run from 1 to 3, and I set ##c=1##. From this you get
$$\mathrm{d} \tau^2 = \left (1-\frac{2MG}{r} \right) \mathrm{d} t^2-\mathrm{d} \vec{x}^2, \quad r=|\vec{x}|$$
A clock's proper time is thus
$$\mathrm{d} \tau = \mathrm{d} t \sqrt{1-\frac{2MG}{r}} \simeq \mathrm{d} t \left (1-\frac{MG}{r} \right).$$
The coordinate time ##t## is the time a clock very far from the mass ##M## (which is located around the origin of the spatial coordinate system).
$$g_{00}=1-\frac{2MG}{r}, \quad g_{0j}=g_{j0}=0, \quad g_{ij}=-\delta_{ij}.$$
Here, latin indices run from 1 to 3, and I set ##c=1##. From this you get
$$\mathrm{d} \tau^2 = \left (1-\frac{2MG}{r} \right) \mathrm{d} t^2-\mathrm{d} \vec{x}^2, \quad r=|\vec{x}|$$
A clock's proper time is thus
$$\mathrm{d} \tau = \mathrm{d} t \sqrt{1-\frac{2MG}{r}} \simeq \mathrm{d} t \left (1-\frac{MG}{r} \right).$$
The coordinate time ##t## is the time a clock very far from the mass ##M## (which is located around the origin of the spatial coordinate system).