The precious metals are currently down 0.4-0.6 percent. The India rupee is down 14 paise as against the US dollar.
The yellow metal support levels are at Rs 30,800 and 30,750 per 10 grams.
MCX Gold August futures ended around Rs 30,740 per 10 grams and should see a flat opening today. Silver futures also witnessed a severe crash as a drop from recent highs continued.
On the higher side Rs 31,150 and 31,220 per 10 grams are the cap to watch out for.
The yellow metal support levels are at Rs 31,000 and 30,850 per 10 grams.
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Precious Metals Preview: Massive losses for Gold, Silver crashes too