Gold steadied on Thursday as weak manufacturing data from Europe kindled some concerns over global growth, but bullion held near a 4-month low, pressured by gains in the US dollar on data showing robust US retail sales.
Spot gold was up 0.1 per cent to $1,275.39 an ounce as of 8.12 pm (IST), having fallen to its lowest since December 27 at $1,270.63 earlier in the session. US gold futures rose 0.1 per cent to $1,277.50. The metal has so far lost more than 1 percent in the holiday-shortened week and was on track for a fourth straight weekly decline.