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Gold price today: Yellow metal trades flat; support seen at Rs 47,330

Gold has support at Rs 47330-47150 and resistance at Rs 47660-47800. Silver has support at Rs 68200-67700 and resistance at Rs 69100-69600 levels. We suggest buying in silver around Rs 68500 with a stop loss of Rs 68100 for the target of Rs 69300, suggest experts.

April 27, 2021 / 09:40 AM IST

India Gold MCX June futures traded flat with a negative bias on April 27 following muted trend seen in the international spot prices as a firmer dollar dulled the metal's appeal, while the market looked forward to cues from the US Federal Reserve's policy meeting.

Market participants are now looking at the US Fed's two-day policy meeting, which ends on Wednesday, and while no major policy changes are expected, investors will pay close attention to Chairman Jerome Powell's outlook on the economy.

On the Multi-Commodity Exchange (MCX), June gold contracts were trading lower by 0.03 percent at Rs 47,450 for 10 grams at 0935 hours. May silver futures were trading 0.01 percent lower at Rs 68,674 a kilogram.

Gold and silver gained ahead of the US Federal Reserve meeting on Monday in the international markets. Both precious metals settled on a positive note.