Commodity market opened the day mixed. Bullion prices continued to trade with a negative bias after a gap down start.
Gold and silver futures fell on Monday as Turkey replaced its central bank governor with a high interest rate critic led to investors flocking towards the safety of the dollar, on fears that the move would threaten other financial markets.
Yellow metal traded under pressure on stronger dollar and mixed global cues. On MCX, gold futures dipped 0.51% to ₹44791 per 10 gram and touched a low of ₹44720 while silver futures slumped 1.93% to ₹66221 per kg , touched a low of ₹66011 in early trade.
Most of the Base metals traded lower except Nickel and Zinc. Copper, Aluminium and Lead traded down over half percent in early trade.