SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.37 percent to 721.81 tonnes on Tuesday, another factor that could boost prices.
Vivek Gupta, CMT - Director Research, CapitalVia Global Research Ltd. said in upcoming days, "we can expect COMEX Gold February Futures prices to trade in a range on weak U. S. dollar."
Technically, COMEX Gold can trade in the range from $1260 on higher side to $1180 on lower side. And similarly MCX Gold February futures can trade in the range between 27600 to 26800 level, he said.