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.