Gold prices traded in range as a lull in geopolitical tensions spurred a pick-up in investor appetite for riskier assets such as equities. rump said the latest U.N. sanctions on North Korea were only a very small step and nothing compared to what would have to happen to deal with the country's nuclear program. Data showed that U.S. job openings moved up slightly to 6.17 million in July, setting another record. But the market’s Federal Reserve guessing game continues with speakers shifting into a blackout commentary period ahead of a policy meeting next week.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.35 percent to 838.64 tonnes on Tuesday from 835.68 tonnes on Monday. Technically market is under short covering as market has witnessed drop in open interest by -2.22% to settled at 6702 while prices up 10 rupees, now Gold is getting support at 29851 and below same could see a test of 29760 level, And resistance is now likely to be seen at 30002, a move above could see prices testing 30062.

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