India Gold of Multi commodity Exchange (MCX ) February futures trade in the green on December 11 while Silver trade slightly in the negative territory.

On the Multi-Commodity Exchange, February gold contracts were trading higher by 0.18 percent at Rs 49,164 per 10 gram during the morning session, while March silver was trading 0.08 percent lower at Rs 63,481 per kilogram. Analysts are of the view that investors can buy the Gold metal on dips near Rs 48,900, for a target of Rs 49,400, while Silver could be bought around Rs 63000, for a target of Rs 64500.

Gold and silver protected high volatility on Thursday but prices recovered from their lows after downbeat U.S. unemployment data and corrections in the dollar index.

Gold February futures contract settled on a slightly weaker note at USD 1837.40 per troy ounce while silver March futures contract settled at USD 24.09 per troy ounce. Both the precious metals settled on a mixed note in the domestic markets last day.

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