So, investors will be closely watching the main event to take an appropriate positions.
Gold on Wednesday lost Rs 200 on MCX. The most-active gold for December delivery on MCX opened at Rs 26,650 per 10 grams, fell to Rs 26,446 in the afternoon session and was trading between Rs 26,457 – Rs 26,458 per 10 grams around 2:14 pm IST.
Gold for delivery in February opened low at Rs 26,930 per 10 grams and was trading in the range of Rs 26,717 – Rs 26,727 per 10 grams same time.
Gold for immediate delivery also fell and was seen at Rs 26,348 per 10 grams.
While the precious metal silver also registered a fall of Rs 600. The metal for delivery in December at the Multi Commodity Exchange, opened at Rs 53,075 per kg and was trading in the range of Rs 52,472 – Rs 52,478 per kg.
And, silver for immediate delivery was seen at Rs 52,291 per kg.