The MCX Gold August future has so far, touched a low of Rs 27,890.
The MCX Silver Sept futures have erased most of its gains, owing to of profit-booking in NYMEX Silver futures.
The MCX Silver Sept futures have rallied almost Rs 200 and have witnessed trades of around 1,044-odd lots.
The Gold August futures have currently moved up 0.3 per cent on the MCX.
The MCX Silver September futures may extend losses in the near term. The white metal may test support around the 20-WMA at Rs 43,000-odd levels.
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Cotton top gainer on MCX