Key Highlights
- Fresh buying at lower levels, along with short covering in banking, auto, and metal stocks following the expiry of monthly derivative contracts, helped the Nifty recoup most of its intraday losses and close the session largely flat.
- Following a significant decline on Monday, gold and silver prices experienced a strong pullback on Tuesday.
- However, the precious metals are under pressure in early morning deals on Wednesday.
- The COMEX gold price is trading red and quoting $4,381.45 per ounce, whereas the COMEX silver is trading red by a huge margin.
- The white metal is quoting around $75 per ounce, more than 3% below than its close price on Tuesday.
