Gold futures were flat on Tuesday on lack of fresh cues, with investors awaiting cues from the U.S. dollar for direction, analysts said.
The most traded June contract was 0.04 percent higher at 14,576 rupees per 10 grams at 11:21 a.m. "Market is not showing any direction. It is neither a buyer's or seller's market," said Debjyoti Chatterjee, an associate vice-president with ADMISI Commodities.
The dollar edged down against a basket of currencies towards Monday's four-month low but held firm versus the euro, with investors taking profits from gains in other riskier currencies that had been lifted by optimism about the U.S. banking system.
"It may consolidate and then rise to 14,700/14,750 rupees," said Gnanasekar Thiagarajan, director with Commtrendz Research.
Analysts said investors would wait for U.S. international trade data due later in the day. Open interest for June gold on MCX was at 15,503 lots, up from 15,416 a day earlier.
Volume on Monday was 31.32 kg. Following are gold prices in rupees per 10 grams on the Multi Commodity Exchange of India Ltd. at 11:21 a.m.
