Gold and Silver price today (August 10, 2023): Precious metal futures on Thursday traded flat as the Reserve Bank of India (RBI) keeps the repo rate unchanged.

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Last seen, MCX gold futures (Oct 5) were flat at Rs 59,020 per 10 grams at the last count, having traded between Rs 58,959 and Rs 59,130 earlier in the day. Silver futures (Sept 5) were flat at Rs 70,025 per kg. 

"Overall Core inflation is expected to edge down while CME Fed funds tool an interest rate probability tracker, only shows a 13 % probability of further hike in interest rates which is closely followed indicator for further direction in precious metals complex," said Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies.

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