Gold prices on MCX dipped for the second consecutive day as lower demand and uncertainty regarding the US debt ceiling crisis impacted the precious metal's prospects. The June gold futures traded at Rs 59,893 per 10 grams on the MCX and was down by 0.58% from Monday's closing price. Meanwhile, the July silver futures traded at Rs 72,235 per kg, losing 0.68% at 11 am. The prices for gold in Delhi stood at around Rs 61,500 per 10 grams. Additionally, investment demand for gold continues to slide.