direction and gold will remain in a range between $1,620 and $1,700.
"A recent rise in U.S. Treasury yields helped weigh on gold sentiment as investors unwind their safe-haven buying, Fung added.
In other metals, spot platinum rose 0.4 percent to $1,682.24, headed for a second straight session of gains, shrugging off news that Anglo American Platinum, the world's top platinum producer, has delayed job cuts to allow time for talks with the South African government and unions.
Spot silver was flat at $31.38.
India's silver jewellery exports are expected to jump up to 30 percent this year as world demand picks up, said India's Gems and Jewellery Export Promotion Council.