Bullion futures trade on a mixed note

Gold prices dropped 0.31 per cent to Rs 1.61 lakh per 10 grams in the futures trade amid global uncertainties triggered by US tariffs.

On the Multi Commodity Exchange, the yellow metal for April delivery depreciated by Rs 496, or 0.31 per cent, to Rs 1,61,102 per 10 grams in a business turnover of 7,587 lots. In the global market, Comex gold futures for April contract declined $28.16, or 0.54 per cent, to $5,197.44 per ounce.

Silver prices rose 0.09 per cent to Rs 2.65 lakh per kg in the futures trade on Tuesday, amid global uncertainties following Trump tariffs.

On the Multi Commodity Exchange, the white metal for March delivery increased Rs 252, or 0.09 per cent, to Rs 2,65,585 per kilogram in a business turnover of 6,002 lots.

In the overseas market, Comex silver futures increased $1.3, or 1.52 per cent to $87.8 per ounce. Silver rallied after US President Donald Trump threatened to lift global tariffs from 10 per cent to 15 per cent in response to the Supreme Court’s ruling.