Precious metals ebbed on Tuesday as domestic traders shrugged US President Donald Trump’s announcement to impose tariffs on Brazil and Argentina and moved to riskier assets.

MCXNSE 0.57 % Gold (Feb) futures were down 0.18 per cent to Rs 37,880 while MCX Silver (Mar) futures were down 0.12 per cent to Rs 44,675.

Brokerage SMC Global said bullion counter may trade on a negative path. “Gold (Feb) can dip towards Rs 37,700 while facing resistance near Rs 38,000 and silver (Mar) can .................ET