Spot gold was trading at $1,760.13 per ounce as of 9.10 am UAE time, down 0.15 per cent
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 258.09 points higher at 38,329.22 and broader NSE Nifty rose 74.65 points to 11,277.50.
Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 352.62 crore on Wednesday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, rose 0.02 per cent to $43.74 per barrel.
Spot gold was trading at $1,760.13 per ounce as of 9.10 am UAE time, down 0.15 per cent
Higher oil prices, month-end importer demand and global recession fears could restrict the gains for the rupee
Spot gold was up 0.2 per cent at $1,736.89 per ounce in early trade
The US central bank is widely expected to raise interest rates by another 75 basis points
The currency slipped below 80 against the US dollar recently
Higher oil prices, global growth fears and a hawkish Fed could keep appreciation bias capped, expert says
Spot gold was up 0.16 per cent at $1,722.28 per ounce at 9.10am UAE time
The rupee opened at 79.86 against the American dollar