Gold trading range for the day is 29380-29584.
Gold gained as a strengthening currency in China made the metal cheaper for buyers in the world’s biggest gold consumer.
Investors seeking a safe place to store assets amid trade disputes and a Turkish currency crisis have preferred the dollar to gold, undermining the reputation of bullion as a safe-haven.
Physical gold demand in India regained momentum last week as jewellers stocked up after prices dipped to their lowest in over seven months.
Gold gained as a strengthening currency in China made the metal cheaper for buyers in the world’s biggest gold consumer.
Investors seeking a safe place to store assets amid trade disputes and a Turkish currency crisis have preferred the dollar to gold, undermining the reputation of bullion as a safe-haven.
Physical gold demand in India regained momentum last week as jewellers stocked up after prices dipped to their lowest in over seven months.
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