Gold metal trades flat

Gold metal trades flat

India Gold MCX February futures trade flat with a negative bias on Tuesday. Silver March futures also trade flat with a negative bias below Rs 65,500.

On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.09 percent at Rs 49,298 for 10 grams at 0930 hours. March silver was trading 0.13 percent lower at Rs 65,470 a kilogram.

Experts are of the view that investors can use rallies towards 49,550 could be used to go short as further strength in the dollar index could push both the precious metals lower.

Gold and silver settled on a mixed note in the international markets amid a strong rebound in the dollar index. Gold February futures contract were settled at $1850.80 per troy ounce and Silver March futures contract were settled at $25.28 per troy ounce.