Gold prices slipped lower by 0.05 percent at Rs 50,122 per 10 gram

Gold prices slipped  lower by 0.05 percent at Rs 50,122 per 10 gram

Gold prices slipped in the Indian market but remained above Rs 50,100 on December 24, tracking a muted trend in international spot prices.

On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.05 percent at Rs 50,122 per 10 gram at 0920 hours. March silver was trading 0.04 percent higher at Rs 67,600 per kilogram.

Both the metals can remain volatile ahead of the Christmas weekend but gold should find support near Rs 49,900 while silver can be bought on a dip towards Rs 66,600, experts said.

 February gold futures contract settled at $1,878.10 per troy ounce while March silver contract settled at $25.92 per troy ounce. February gold settled at rs 50,149 per 10 gram and March silver at Rs 67,576 a kilogram.