Gold prices are kept within the range in the absence of major macroeconomic data from the U.S.

Prices reduced demand puts pressure on the physical market in India in recent weeks. Demand in India - the world's largest consumer of gold - is low because of rising prices and the weakening of the rupiah, having fallen to a three-month low against the dollar.

Some easing of tensions on the debt problems of Europe was caused by good statistics from Germany. The euro rose after better-than-expected business climate index in Germany, but investors cautious pending the outcome of the meetings of the IMF and World Bank meetings this weekend, and the U.S. Federal Reserve next week.

May futures on the COMEX for gold today is trading in the range of $ 1638.8 - $ 1647.0 per ounce.