Gold advances on seasonal offtake, global cues

On the global front, the precious metal continued its rising trend on safe-haven bet following disappointing US macro data and also ongoing jitters over Greece's future in the eurozone. Spot gold was bid higher at $1,232.60 an ounce in early European trade, while silver softened at $17.28. Watch the video for expert advice on how the precious metals prices are likely to move in the near term.