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Gold prices firmed on Tuesday as investors turned their attention to testimony from U.S. Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy. 

Spot gold was mostly unchanged at $1,225.84 per ounce at 0230 GMT, while U.S. gold futures inched up 0.1 % to $1,226.8. Spot gold may test resistance at $1,230 per ounce, a break above which could lead to a gain to $1,235, according to Reuters technical analyst Wang Tao. 

Losses was noted in the prices of MCX Refined gold. Levels of INR 29030 per 10 grams was noticed during the closing, with an uptick of 0.49%. The value gained from the strongest levels since December 2016. 

The prices gained and reached near to critical levels of INR 29166 per 10 grams which means that further gains can create confidence and prices can move towards Rs 29400 per 10 grams. If gains occur from here it can take yellow metal towards INR 29800 and 29900 per 10 grams. On lower side, Gold will be supported at Rs 28980 per 10 grams and INR 28900. The high of Gold was at INR 29166 per 10 grams and a low of INR 28941 per 10 grams was tested during the day.