New Delhi, Nov. 12 -- Amid US Fed rate hike buzz and strong US dollar, the precious metals in the international market witnessed selling pressure during the early morning session on Thursday. The COMEX gold price today slipped below $4,000 per ounce and touched an intraday low of $3,973.80 per ounce. Likewise, the COMEx solver price today went further down and hit an intraday low of $51.160 per ounce, inching close to the 52-week low of $48.050 per ounce. Taking cue from the global markets, the MCX gold rate and MCX silver rates opened lowe.

Gold price on MCX is down by around Rs.550 per 10 gm and trading around Rs.1,39,000 per 10 gm, whereas silver price on MCX is down by over Rs.1,700 per kg. The MCX silver rate is trading below Rs.1,8...