The international spot prices opened up on Thursday and remained range-bound. MCX gold prices advanced a tad with the help of depreciation in the Indian rupee against the US dollar.
However, gold failed to sustain above the earlier high of 16048 and close the session at 16012 levels. The market continues to consolidate near the historic highs and expected to adopt direction only on a break of the range of 16050 and 15800.
