Gold Price Today: Gold Trades Flat; Buy for Target 47,400

Gold Price Today: Gold was flat in the Indian market on August 16 following a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), October gold contracts were trading 0.08 percent higher at Rs 46,978 for 10 grams at 0930 hours.

Gold Price Today

September silver futures were trading 0.08 percent lower at Rs 63,190 a kilogram. Gold and silver prices settled on a positive note in the international markets on August 13. December gold futures contract settled at $1,781.55 a troy ounce and September silver futures contract settled at $23.74 a troy ounce. Domestic markets also ended on a positive note.

Gold and silver rebounded again on August 13 after a survey showed disappointing consumer sentiments in the United States. The dollar index slipped to a one-week low and the benchmark 10-year bond yield also slipped below 1.30 percent on August 13 and supported both the precious metals, data shows.

Gold Price Today: Gold Trades Flat; Buy for Target 47,400 via @marketinvestor
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