Gold metal trading lower by 0.07 percent at Rs 50,098 for 10 grams

Gold metal trading lower by 0.07 percent at Rs 50,098 for 10 grams

Gold slipped in Indian markets on December 31 following a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.07 percent at Rs 50,098 for 10 grams at 0920 hours. March silver was trading 0.14 percent lower at Rs 68,517 a kilogram.

Experts are of the view that investors can buy the dip towards Rs 49,950 for an upside target of Rs 50,550 in the near term. The support for silver is at Rs 67,800.

Gold and silver surged on December 30 amid weakness in the dollar index and worries over the fast-spreading new coronavirus strain in the UK and the rest of the world.