Gold metal trades red ahead of Georgia elections results

Gold metal trades red  ahead of Georgia elections results

India Gold MCX February futures traded red on Wednesday tracking a muted trend seen in the international spot prices which were little changed as markets awaited the outcome of the U.S. Senate runoff elections in Georgia.

Polls closed in Georgia's dual runoff elections that will determine both controls of the U.S. Senate and Biden's ability to push through an ambitious legislative agenda said a Reuters report.

Investors also awaited the minutes of the U.S. Federal Reserve's Dec. 15-16 policy meeting scheduled for release later today, it said.

On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.31 percent at Rs 51,561 per 10 gram at 0920 hours. March silver was trading 0.72 percent lower at Rs 70,346 a kilogram.