Gold and silver slipped in early trade on Tuesday, thanks to a fresh bout of profit booking after a steep rally even as COVID-19 rampages throughout India, disrupting lives. India has reported over 22.7 lakh COVID-19 cases by now with more than 45,300 deaths. Gold tends to gain when interest rates are low and political and economic uncertainties are high. Gold futures on MCX were down 0.56 per cent or Rs 306 at Rs 54,640 per 10 grams--hovering a tad below record highs. Silver futures shed 0.77 per cent or Rs 578 to Rs 74,816 per kg.
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