Gold, Silver Price Today: Domestic gold prices dipped on Wednesday with MCX gold futures sliding by 0.48 per cent and touching Rs 50,038 per 10 grams. White metal futures dropped 0.72 per cent to Rs 50,038 per kilogram.
Gold prices have slipped in the last one month as the US dollar has firmed its position in the market as US Federal Reserve has said that it will continue with its aggressive policy to hike interest rates in a bid to control inflation
In the global market, gold prices showed a slight revival on Tuesday though experts are still worried about the lingering concerns over the hike in US interest rates.