Gold trades at Rs 48,380; Silver above Rs 64,500

Gold prices was trading flat today at Multi Commodity Exchange for February contracts. The precious metal was trading at 48,380 rupees per 10 gram in intra-day trade.   Silver prices surged 140 rupees to 64,550 rupees per kilogram for March Contracts when reports last came in.         In the New York Mercantile Exchange, gold was down marginally at 1,839 US dollars and 90 cents per ounce. Silver prices was also down marginally to trade at 24 dollars and 20 cents per ounce in intra-day trade.