Gold Price Today: Yellow metal slips in early trade. Is it time to buy?

Gold prices fell while the dollar index recovered, with MCX June gold futures trading at Rs 60,951 per 10 grams. July silver futures also retreated to trade at Rs 73,250 per kg. However, the near to medium-term outlook for bullion remains positive with the ongoing US debt-ceiling crisis. While MCX Gold futures have gained 11% this year, silver futures have gained 5.83%. Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities suggested intraday trading strategies.