Experts are of the view that the yellow metal is likely to head higher towards Rs 41,250. Supports are placed at Rs 40,800 level.
Experts say that investor traders can go short on gold in the range of Rs 37,800-Rs 37,830, with a stop loss of Rs 37,900 and a target of Rs 37,550.
Gold and Silver is likely to show strength on Thursday. Gold can be bought around Rs 38,050, for a target of Rs 38,330 while a stop loss could be placed below Rs 37,920.
India Gold prices closed above resistance of 38,050 in the domestic market and is expected to hold this levels, but amid the uncertainty over the trade deal, Gold and Silver price could remain rangebound, suggest experts.