Bullion counter traded with nominal gains in futures trade on Tuesday as the rise in equities weighed on the appeal of the yellow metal as a safe-haven asset.
Tepid demand by jewellers at the spot market also was a reason for the prices to be lacklustre even as the trend in overseas markets looked stable.
Gold prices held steady in global markets as investors awaited US retail sales data that could serve as an indicator of the strength of the world's largest economy amid lingering concerns over the global economic slowdown, Reuters reported.
Around 10:35 am, MCX Gold traded at Rs 34,891 per 10 grams, up by Rs 9.
Bullion counter may remain sideways for the session, said brokerage SMC Global Securities.
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