Gold trading range for the day is 29580-30256. Gold dropped as a strengthening dollar prompted some buyers to cash in gains after its biggest daily rise this month, briefly paring losses after downbeat U.S. jobs data.
Fed’s Rosengren said the Fed should raise interest rates if data confirms a stronger jobs market and inflation outlook in the second quarter.
India's gold demand could rise as much as 10 percent in 2016, as good monsoon rainfall and a sustained rally in gold prices boost buying, the WGC said.
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