Gold prices were seen trading in a tight range today, as the volatility surrounding the North Korean threats of war subsided and the dollar gained some strength.
Gold for 22 karats was seen trading at Rs 28,800 in Mumbai, more or less the same that was trading on Monday. In Bangalore, gold was way cheaper at Rs 28,700 per 10 grams and slightly lower than many other cities.
In Delhi and Mumbai the prices of gold were almost similar. On the MCX, gold was seen trading at Rs 29,300, almost little changed.
Going ahead, there would be volatility in gold on geo-political tensions and ahead of the French Presidential elections, where victory for the far-left candidate may lead to fresh buying in gold.