Gold trading range for the day is 28383-28817.Gold edged higher on Thursday as the U.S. dollar weakened against other currencies on bets that central banks in Europe were preparing to scale back monetary stimulus, but the bullion's gains were capped by a surge in equities.
Gold on MCX settled up at 2856 gained marginally but staying away from recent 6-week lows continuing to bounce back amid uncertainty about the global economy.
Technically market is getting support at 28475 and below same could see a test of 28383 level, And resistance is now likely to be seen at 28692, a move above could see prices testing 28817.
Spot gold rose 0.2 percent to $1,251.87 per ounce at 0416 GMT.
U.S. gold futures for August delivery rose 0.2 percent to $1,251.80 per ounce.
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Gold on MCX settled up at 2856 gained marginally but staying away from recent 6-week lows continuing to bounce back amid uncertainty about the global economy.
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