The precious metal Gold continues to move between losses and gains today owing to the strength in the dollar. On the Multi Commodity Exchange (MCX) during mid-noon session gold metal traded firm by 0.4 percent or Rs. 196 to near Rs. 49000 per 10 gm.

Spot gold declined 0.3 percent to USD1,820.46 per ounce, having fallen to their lowest since Dec. 2, 2020 at USD1,809.90 earlier in the session. US gold futures eased 0.7 percent to USD1,816.80.  Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust mounted 1.4 percent to 1,177.63 tonnes on Friday.

In the international markets, gold prices trade near 1.5 month low even as US consumer spending data led to risk-off sentiment among investors and also there are continued optimism of a broader dole out by the US central bank to tackle the economic fall-out due to the pandemic.

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