Gold metal trades above Rs 51,000

Gold metal trades above Rs 51,000

Gold was trading comfortably above the Rs 51,000 per 10 gm and silver was up by about 1 percent, tracking the positive trend in international spot prices.

On the Multi-Commodity Exchange (MCX), December gold contracts were trading higher by 0.70 percent at Rs 51,178 per 10 gram at 0920 hours. December silver futures were trading 1 percent higher at Rs 61,995 per kg.

Gold was trading flat after early US election results suggested a lead for Democrat contender Joe Biden, even as the possibility of a contested result remained, said a Reuters report.