The precious metal is trading sideways after Friday's Personal Consumption Expenditures data showed U.S. inflation had stabilized, slightly boosting hopes for an earlier cut in interest rates by the Federal Reserve.
Gold prices remain subdued as investors look forward to the key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June.
It was a subdued session as expected, with the Nifty fluctuating within a narrow range and closing slightly lower.
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