A strengthening dollar and a rebound in the equity market eroded demand for bullion.

MCX Gold prices were up 0.34 per cent at Rs 30,554 per 10 grams at around 10.10 am.

On the global front, gold prices inched higher in early trade.

SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, said its holdings stood at 773.41 down 3.24 tonnes.

On the global front, gold prices were little changed in the early trade.

MCX Gold futures were trading 0.06 per cent, or Rs 18 higher at Rs 30,635 per 10 grams,

Nirmal Bang Securities in its commodity report says, "Precious metals are trading lower on COMEX today.

GLD is the largest exchange-traded fund tracking the commodity with more than $36 billion in assets.

MCX Gold futures were trading 0.22 per cent, or Rs 67 higher at Rs 30,996 per 10 grams.

MCX Gold futures were trading 0.02 per cent, or Rs 6 higher at Rs 31,378 per 10 grams.

MCX Gold futures were off 0.18 per cent, or Rs 56, at Rs 31,376 per 10 grams at 11:20 am.

MCX Gold futures were trading 0.52 per cent, or Rs 165 lower at Rs 31,433 per 10 grams at 11:31 am.

MCX Gold futures were down 0.36 per cent, or Rs 109, at Rs 30,464 at around 11.05 am (IST).

MCX Gold futures were trading 0.51 per cent down at Rs 30,585 per 10 gram at around 10.50 am.

“Gold can move in a range of Rs 30,550-30,900 while silver can move in a range of Rs 38,200-38,700 in the near term,” SMC said.

MCX Gold was down 0.27 per cent, or Rs 78, at Rs 28,765 per 10 gram around 10.30 am (IST).

Investors yanked $778m from the VanEck Vectors fund and $217m from the SPDR Gold Shares ETF.