Gold is trending lower as the market prepares for further policy tightening measures from the Federal Reserve.

Markets managed to gain over half a percent in a volatile trading session, taking a breather after the recent slide.

Gold recovered slightly from recent losses but remained slightly lower versus the previous closing as markets awaited more policy tightening measures from the Federal Reserve.

Markets witnessed a sharp sell-off on the final day of the week and lost closer to 2%.

Markets finally settled with a cut of over one and a half percent amid feeble global cues.

Gold prices hovered near a two-year low and are set for a weekly fall as an elevated dollar and prospects of aggressive U.S. rate hikes dented bullion's appeal.

Markets traded volatile on the weekly expiry day and lost over half a percent due to profit-taking across sectors.

Gold prices inched lower as a firmer dollar and expectations of big interest rate hikes from the U.S. Federal Reserve diminished the metal's appeal.

Markets ended marginally lower in a volatile trading session amid feeble global cues.

Gold prices held just above the $1,700 mark, remaining under pressure after stronger-than-expected U.S. inflation data pointed to more dollar strength in the coming weeks.