Gold futures failed to make gains on the MCX due to a steady dollar index. In contrast, MCX Silver futures dropped to an eight-month low as the dollar has increased its value by almost 2% over the past month. Despite the US economy's uncertainties and a debt crisis, the dollar's stability has negated the gains that bullion has achieved. The YTD gain for MCX Gold futures to date stands at 9.60%, with the YTD gain for silver futures being 3.70% up until Tuesday's close, despite being down by 3% in May.