Gold and silver were trading flat with positive bias in morning trade on Tuesday on account of some buying in precious metals from jewellers, industries and retailers.

MCX Gold was trading 0.09 per cent, or Rs 25, up at Rs 28541 per 10 gram around 11.10 am (IST), while MCX Silver was up 0.08 per cent, or Rs 29, up at Rs 38,115 per 1 kg.

Nirmal Bang Commodities in a research note said, “We expect prices to trade range bound for the day as the dollar firmed ahead of a US Federal Reserve monetary policy meeting.”

Latest holdings at the SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, slipped 0.51 per cent to 809.62 tonnes on Monday from 813.76 tonnes on Friday.

Holdings of the largest silver backed exchange-traded-fund (ETF), New York's iShares Silver Trust SLV, stood at 10752.56 tonnes down 44.11 tonnes, from previous business day.

Meanwhile domestic equity markets were trading flat following mixed global cues. The BSE Sensex was up 24 points, or 0.07 per cent, up at 32269.97, while NSE Nifty index was up 6.50 points, or 0.07 per cent, up at 9,972.90.