Bullion prices seen in narrow band

February gold rose $4.60 to close at $626.90, and March silver posted a gain of 9cents to close at $12.72/ounce yesteday. On MCX, gold closed at Rs 9,143/10gms and silver closed at Rs 19,093/kg.

Gold had lost its lustre of late with bulls as the dollar was able to fight off multi-year lows versus euro and shrugging off tame inflation data as traders focused on key technical levels in a thin, pre-holiday session.

Gold is set to move in a range of $618-631 where as silver is seen between $12.55-12.92.