Climb in bullion comes despite signals from the US Fed minutes that it could raise interest rates in December
Spot gold may break a resistance at $1,266 per ounce and edge up to the next resistance at $1,276 before resuming its downtrend
The safe haven asset was fairly subdued in its reaction to the second US presidential debate
Gold prices could pull back to as low as $1,200 an ounce after breaking out of their 2016 uptrend this week, said analysts
Deutsche Bank shares slumped to a record low after a report that trading clients had withdrawn excess cash and positions held in the lender
Experts said that gold prices might see a rally if investors perceive that Donald Trump's chances in the elections have improved
Ongoing strength in the equities could also hurt gold's prospects
Rising US interest rates typically increase the opportunity cost of holding non-yielding bullion and boost the dollar
Hedge funds and money managers hiked their net long position in COMEX gold contracts to a nine-week high in the week to September 6
A chorus of hawkish comments from US Fed officials kept hopes alive for a September rate hike
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metals in global market
A fall in demand from jewellers at the domestic spot market mainly kept gold prices lower
Metal for delivery in December contracts declined by Rs 76 or 0.24%
Metal for delivery in far-month December was trading down Rs 73, or 0.23%
Metal for delivery in December contracts fell by Rs 159 or 0.50%
Festival demand to lift gold to Rs 32,500 per 10 grams by December
US gold fell 0.6%, spot gold was down slightly at $1,343.78 an ounce
Yellow metal was trading up 0.9% at $1365 an ounce, after rising to $1367.33, the highest since July 11
Metal for delivery in August too fell by Rs 40 or 0.13%
Metal for delivery in August contracts traded lower by Rs 46 or 0.15%