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Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000

Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000 Kshitij Anand © Arun Sreenivasan Gold price today: Yellow metal trades lower, experts say buy on dips for target of Rs 48,000 Gold was trading lower in the Indian market on May 12 following muted trends in international spot prices as a rise in the US treasury yields and a firmer dollar dented the metal s safe-haven appeal. On the Multi-Commodity Exchange (MCX), June gold contracts were trading lower by 0.65 percent at Rs 47,640 for 10 grams at 0935 hours. July silver futures were trading 0.47 percent higher at Rs 71,882 a kilogram.

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