At the MCX, Gold futures for Sep contract was trading at Rs. 51081.00 Per 10 gms, down by 0.53%, after opening at Rs.51165.00 Per 10 gms, against a previous close of Rs. 51353.00 Per 10 gms. It touched an intra-day low of Rs. 51005.00 Per 10 gms and high of Rs.51231.00 Per 10 gms in the future market.
Gold prices slipped on Wednesday as a stronger dollar offset support from a pullback in global equities.
Silver futures on Wednesday dropped by 1.03% to Rs 67790.00 per kg as participants reduced their bets on low demand.
Nickel prices on Wednesday fell by 1.27 per cent to Rs 1091.90 per kg in futures trade after participants offloaded their positions amid weak demand in spot market.
Zinc prices on Wednesday fell by 0.71 per cent to Rs 187.80 per kg in futures trade as speculators reduced their exposure, driven by easing demand in spot market.
On Multi Commodity Exchange, Commodities like Crude Oil, Mentha Oil, Cotton, CPO futures were the gainers, gained by 1.85%, 1.27%, 0.23% respectively. While Commodities like Natural Gas, Nickel, Silver, Aluminium, Zinc, Lead, MCX Bulldex, Gold, Copper, GoldM, Gold Petal, Gold Guinea, CPO were the losers with a loss of 2.71%, 1.27%, 1.03%, 0.92%, 0.71%,0.67%, 0.62%, 0.53%, 0.50%, 0.50%, 0.36%, 0.27%, 0.26% respectively.