Gold metal trades lower, crucial support placed at Rs 50,800

Gold metal trades lower, crucial support placed at Rs 50,800

On November 3 the Gold was trading lower in Indian markets following a muted trend in the international spot prices.

On MCX December gold contracts were trading lower by 0.23 percent at Rs.50,950 per 10 gram.

December silver futures were trading 0.2 percent lower at Rs 61881 per kg.

December gold futures contract settled at $1892.50 per troy ounce with a gain of 0.73 percent and silver futures contract settled at $24.03 per troy ounce with a gain of 1.35 percent.