Gold metal trades high as US stimulus talks gaining pace.

Gold metal trades high as US stimulus talks gaining pace.

Gold was trading higher in Indian markets on December 17, supported by a weaker dollar, the Federal Reserve keeping the interest rates low and US stimulus talks gaining pace.

On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.37 percent at Rs 49,782 per 10 gram at 0920 hours. March silver was trading 1.1 percent higher at Rs 66,665 a kilogram.

Experts are of the view that investors should use dips to buy into precious metals as gold could retest Rs 50,000 per 10 gm in the near term.