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Spot gold was steady at $1,711.61 per ounce by 02:57 GMT while US gold futures dipped 0.3% to $1,710.20.
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.
The latest tranche of India’s Sovereign Gold Bonds 2020-21 will be opened for a period from March 1 to 5, 2021. The issue price of the bond during the subscription period will be Rs4,662 per gramme.
Spot gold rose 0.4% to $1,707.81 per ounce by 05:23 GMT while US gold futures climbed 0.4% to $1,704.90.
Spot gold was up 1% at $1,750.24 per ounce by 05:44 GMT, after rising as much as 1.1% earlier in the session while US gold futures rose 1.1% to $1,748.50.
Spot gold eased 0.3 % to $1,717.99 per ounce by 06:33 GMT while US gold futures slipped 0.4% to $1,716.10.
Spot gold eased 0.2% to $1,734.26 per ounce by 03:20 GMT while US gold futures dipped 0.1% to $1,732.
Spot gold rose 0.7% to $1,692.21 per ounce by 07:03 GMT while US gold futures climbed 0.7% to $1,690.30.
Spot gold eased 0.1% to $1,714.23 per ounce by 10:15 GMT while US gold futures fell 0.3% to $1,711.70.
The court also decided to punish each of the four defendants (PPL, GPL, KCRS, GBA) with a five-year imprisonment term and a fine of Dhs10m and deportation.
