Gold on MCX settled down -1.14% at 29021 hurt by a stronger U.S. dollar and a shift in investor expectations for potential interest rate increases this year. The precious metal lost momentum as the greenback began to climb following inaction by the European Central Bank (ECB) on Thursday. The US dollar booked further gains, especially against the yen, after rumors emerged on Friday that the Bank of Japan (BoJ) could add a negative loan rate to its arsenal next week.

Gold ticked higher on Monday as the dollar gave back some of its recent gains, but caution ahead of the Federal Reserve policy meeting later this week curbed its advance.

Spot gold rose 0.2 percent to $1,234.36 an ounce by 0640 GMT, after dropping 1 percent on Friday as the dollar rallied.

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Gold trading range for the day is 28708-29576.   Gold prices ended with losses hurt by a stronger U.S. dollar and a shift in investor expectations for potential interest rate increases this year.more information contact this no 9039089375    9827210746,9039089382