Gold metal trades flat; to find support near Rs 50,440

Gold metal trades flat; to find support near Rs 50,440

Gold was trading flat on October 6 with a negative bias following a muted trend in the international spot prices.

On the Multi-Commodity Exchange (MCX), December gold contracts were trading lower by 0.13 percent at Rs 50,560 per 10 gram at 1000 hours. December silver futures were trading 0.10 percent lower at Rs 61,880 per kg.

Experts are of the view that support exists at Rs 50,400 and if the yellow metal surpasses 50,700, then an upside move towards Rs 51,000 is possible.