Amid the easing global uncertainties, gold and silver prices continue to dip moderately on Tuesday as well. The sudden drop in gold prices is due to a stronger dollar and profit booking, even as geopolitical uncertainties extended medium-term support to precious metals. 

As reported by news agency IANS, the MCX gold February futures on Wednesday dipped 0.33 per cent to Rs 1,57,550 per 10 grams on an intra-day basis. Whereas the MCX silver March futures declined 1.92 per cent to Rs 2,57,567 per kg.