Gold price today: Yellow metal trades lower, buy for a target of Rs 49,750
The bullion metal lost Rs 2,562, or 4.68 percent, for the week on MCX as investors booked profit (Image courtesy: Reuters)
Gold was trading lower in the Indian market on January 22, tracking muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.17 percent at Rs 49,364 for 10 grams at 0920 hours. March silver was trading 0.74 percent lower at Rs 66,804 a kilogram.
Investors can use the dip towards Rs 49,100 to buy for a target of Rs 49750 per 10 gm, experts said.