Gold prices dropped marginally in trade, as the dollar strengthened against a basket of currencies.
Spot gold fell to $1175 an ounce in the international markets, while US gold Futures was down marginally at $1778 an ounce.
In the Indian markets gold was flat compared to last week's rates, as investors continued to weight and watch. The precious metal last week hit a six month low on sustained selling.
The precious metal is likely to trade in a range in the coming days.