Gold Futures were trading flat on the MCX with Gold for August delivery at Rs 26008. This was marginally lower by just Rs 2, compared to Tuesday's close.
Silver for September delivery was trading at Rs 39984, again marginally lower. Gold in the international markets was trading marginally lower after data from China was marginally lower. China is the world's second largest consumer of gold and weak economic data from the country always spells trouble for the metal.
Spot gold was trading around $1,246 an ounce, marginally lower. Gold's movement in the next few months would depend on quantitative easing decisions taken by the US Federal Reserve.
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