Gold price today: Yellow metal trades flat but above Rs 50,000; buy on dips
Gold is likely to remain volatile and any decline should be used as a buying opportunity. Gold has support at Rs 50,050, while resistance is placed at Rs 50,920, experts say.
December 18, 2020 / 10:28 AM IST
Gold was trading a tad lower in Indian markets on December 18, tracking the muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.24 percent at Rs 50,270 per 10 gram at 0920 hours. March silver was trading 0.58 percent lower at Rs 67,873 per kilogram.
Experts say gold is likely to remain volatile and declines can be used as a buying opportunity. The metal has support at Rs 50,050, while resistance is at Rs 50,920.