Gold prices today: Yellow metal slips below 15-month low, silver near lifetime low

Domestic gold prices slipped below the 15-month low mark on Thursday as global benchmarks hit a one-year low. Silver too tumbled, just inches away from lifetime low.

MCX gold August futures fell 0.8 percent to touch the intraday low of Rs 49,863 per 10 grams. Silver followed suit with the white metals future falling 1.8 percent to Rs 54,619 per kilogram, 0.2 percent above the lifetime low of Rs 54,506 per kilogram.

Ravindra Rao, VP-Head Commodity Research at Kotak Securities, said, "Gold may remain under pressure unless we see renewed selling pressure in US dollar post ECB decision. ECB is largely expected to raise interest rate by 0.25 percent however there is some expectations of a bigger move as well."