Gold was trading flat ahead of the release of the Minutes of the US Federal Reserve's earlier policy meeting today

Gold on the MCX was up by Rs 77 at Rs 30,390, while Silver on the MCX was up by Rs 188 at Rs 45,628.

In the international markets spot gold was little changed at $1,276 an ounce. Traders see the metal trading in a range and would await for direction from the Fed Minutes.

In fact, gold has been moving in a range for the last few trading sessions and is likely to end the year at the lowest level in 12 years. It has lost about a fifth of its value this year.

Investors have over the last few months preferred investing in equities as a risk on rally returns. Check gold rates here

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