Commodity Prices traded mixed on Tuesday with bullion prices continued the negative trading while Crude oil saw a positive line in early morning session. Currently, Nickel stood as top gainer, gained by 0.88% while Mentha oil was top loser at MCX.
Gold and silver futures were trading lower on Tuesday pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery as vaccinations gain momentum. Gold futures on Multi Commodity Exchange (MCX) were down 0.18 per cent at Rs 44617 per 10 grams. Apart from this, Silver futures dipped 0.10 per cent Rs 64110 per kg.
Gold prices have seen a fourth consecutive decline today, while silver has also become cheaper today .Gold trades weaker, weighed down by sharp rise in US bond yields and firmness in the US dollar amid increasing optimism about the US economy.