Precious metals saw a dip on Tuesday as hopes for a Federal Reserve rate cut diminished. MCX Gold August futures fell by 0.2% to Rs 99,125 per 10 grams, while silver July futures dropped 0.49% to Rs 1,14,485/kg. Despite this, gold had recently hit a five-week high, and silver approached a 14-year peak, boosted by U.S.
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Gold trades on weaker note, slips by Rs 200/10 grams. What lies ahead and should you buy the dip?
