Gold prices were little changed on Tuesday as market participants awaited the minutes of the latest Federal Reserve policy meet.
Bullion traders said besides a firming global trend where gold soared to one-month high, continued buying by jewellers and retailers to meet wedding season demand largely influenced the precious metal prices.
Traders said besides a firming trend overseas on speculation that physical demand in Asia may pick up and increased buying by jewellers to meet upcoming festive season demand, mainly led to persistent rise in the precious metal prices.
At the Multi Commodity Exchange, the metal for delivery in far-month April gained Rs 90, or 0.28 per cent, to trade at Rs 28,277 per 10 grams in a turnover of 110 lots.
According to Angel Commodities, precious metal prices are expected to trade on a higher note in today‘s trade, taking cues from sharp rally in prices in morning trade ahead of the US Federal Reserve meeting.