Gold prices eased today as investors bet the U.S Federal Reserve would taper its bond purchases faster to tackle surging inflation despite economic recovery concerns due to the new Omicron coronavirus variant.

Markets extended recovery for the second consecutive session and gained over a percent, tracking favorable global cues.

Gold hovered close to a one-month low, after the U.S. Federal Reserve Chair Jerome Powell said the central bank would discuss ending its bond purchases sooner.

Markets managed to settle with the gain of over a percent amid volatility, tracking favorable local cues.

Gold prices edged higher, drawing some support from a subdued dollar as investors assessed the severity of the Omicron coronavirus variant's impact on the global economy.

Markets traded volatile and lost nearly half a percent citing mixed global cues.

Gold prices edged higher as concerns over the impact of the possibly vaccine-resistant Omicron coronavirus variant supported the precious metal's safe-haven appeal.

Markets ended almost unchanged amid volatility, taking a breather after the recent fall.

Markets traded under pressure for the second consecutive week and lost over 4%, pressurized by weak global cues.

Gold gained in the morning session, as concerns over the spread of a newly identified coronavirus variant boosted the metal's safe-haven appeal.