Spot gold was down 0.3 per cent at $1,263.96 an ounce at 1244 GMT but off a low of $1,261.36, its weakest level since December 20
Globally, gold rose 0.11 per cent to USD 1,300.20 an ounce in Singapore
Gold is expected to be volatile this week amid the U.S-North Korea summit and central bank meetings
Gold prices are likely to hold in the range of Rs 30,000-34,000 per ten grams until Diwali in the domestic market
The metal was heading for its biggest weekly decline since early-December
However, silver recovered by Rs 100 to Rs 40,750 per kg on scattered enquiries from industrial units and coin makers.
Silver also eased by Rs 100 to Rs 41,300 per kg due to reduced offtake by industrial units and coin makers
Sovereign also improved and gained Rs 100 to Rs 24,900 per piece of eight grams
Diversion of funds towards rising equity also weighed on the sentiment
Silver followed suit and lost Rs 600 at Rs 39,150 per kg
Trump fired Tillerson after a series of public rifts, replacing him with loyalist Central Intelligence Agency Director Mike Pompeo
Following gold, silver ready moved down by Rs 400 to Rs 39,500 per kg
Spot gold was 0.3 per cent lower at $1,313.81 an ounce at 0744 GMT, after touching $1,312.26, the lowest since February 9
Silver also fell by Rs 250 to Rs 39,300 per kg owing to reduced offtake by industrial units and coin makers
Traders said positive global cues as the dollar eased after last week's rally and investors waited for more data on the US inflation amid expectations of rising interest rates
Asian share markets were trying to find their footing on Wednesday as a semblance of calm returned to Wall Street
Tracking gold, silver ready jumped Rs 1,100 to Rs 41,000 per kg and weekly-based delivery Rs 1,190 to Rs 40,130 per kg
Bullion traders said the sentiment got a boost owing to a firming trend overseas where gold rose to the highest since September
The dollar index, which tracks the greenback against a basket of six major rivals, edged down 0.1 per cent
In the national capital, gold of 99.9 and 99.5 per cent purity shed Rs 25 each to Rs 29,525 and Rs 29,375 per ten gram respectively