Gold for delivery in October at the Multi Commodity Exchange opened low at Rs 25,699 per 10 grams and was trading in the range of Rs 25,761 – Rs 25,765 per 10 grams, up by 0.35% at 1:10 pm IST.
And, the metal for April contract delivery opened at Rs 26,524 per 10 grams was trading in the range of Rs 26,582 – Rs 26,632 per 10 grams same time.
While Silver for delivery in December opened at Rs 51,270 per kg and was seen trading in the range of Rs 51,775 – Rs 51,805 per kg.
Metals are losing their sheen over the trade due to recent free-fall activity and investors are becoming more and more risk averse.
Short-term outlook for gold remain bullish due to the on-going festival season in India.