Trading Conditions
Products
Tools
Gold prices held on to gains after slipping 0.7 percent during the session earlier, as investors await signs on the U.S. Federal Reserve's rate increase stance from minutes of the U.S. central bank's meeting.
Spot gold rose 0.1 percent at $1,252.32 an ounce. U.S. gold futures fell 0.3 percent at $1,252.1 per ounce.
"Gold is taking a breather once again; it's struggling to make it out of this $1,245-$1,265 range," according to Ole Hansen, head of commodities strategy at Saxo Bank.
Holding in SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, dropped 0.59 percent to 847.45 tonnes on Tuesday.
India's gold imports might plummet this year in the traditional period of peak demand during the second half of 2017, with jewellers aggressively restocking inventory ahead of a national sales tax which will begin to take effect on July 1.
Fed fund futures were higher, implying a 75 percent likelihood of an interest rate hike in June, which prevented investors from pushing the precious metal higher.