Yellow metal prices slid on Tuesday as on MCX, gold August futures were trading at Rs 46,932 per 10 grams against the last close of Rs 47,008. Gold in the global market eased owing to a stronger dollar.
A stronger dollar in the international market led to the bullion becoming out of reach for other currency holders amid concerns that the US Federal Reserve will tighten its monetary policy sooner than later.
Silver futures were trading at Rs 68,937 per kg, down by Rs 305 from the previous close of Rs 69,233.
Globally, spot gold was down 0.2 per cent at $1,775.42 per ounce.