>Spot gold unchanged; capped by dlr, equities

London - Spot gold prices were unchanged Friday in Europe with gains capped by U.S. dollar strength and mostly higher equity markets.

Market participants said the metal is likely to remain range bound due to little interest from both the physical jewelry market and investors buying Exchange traded funds or bars.

At 0900 GMT, spot gold was trading at $924.60 a troy ounce, down 0.1% from Thursday's close.

Spot gold trade is quiet Friday with the metal attracting little investor and physical interest, said a Switzerland-based trader.

Germany-based physical metal dealer Heraeus said demand for bars "was again very mellow" this week.

Holdings in exchange traded funds remain steady, but aren't rising significantly.

Gold holdings in the New York-listed SPDR Gold Trust ETF rose for the first time since May 6 data showed Thursday to 1,105.62 metric tons from 1,104.09 tons. Holdings have moved only marginally since April 23 and remained unchanged as of Friday data. SPDR is the largest gold ETF.

Gold is likely to remain in a range between $915/oz and $935/oz until there is more clarity on the economic recovery, the Switzerland-based trader said. Market participants will wait for the U.S. to open to provide some direction he said, adding that U.S. April consumer price index and April industrial production may spark some interest when they are released later Friday.

Looking ahead, fundamentals support gold in a $850/oz to $1,000/oz range this year, with the possibility the price could move above the top end of that range next year, the chief executive of AngloGold Ashanti Ltd. said Friday.

The other metals were also mostly unchanged. As of 0900 GMT, spot silver was at $14.01/oz, up 0.1%. Spot platinum was at $1,111.50/oz, up 0.2%. Spot palladium was at $222.50/oz, down 0.4%.

Gold-silver futures trade lower on strong USD

Mumbai - Gold traded unchanged in global market weighed by U.S. dollar strength and higher equity markets but traders and analysts said the metal could trend higher if the dollar weakens. Following the suite gold-silver futures traded lower on Multi Commodity Exchange Friday on selling pressure from higher level and strong dollar. As of now precious metals are taking cues from the global market and traded lower on the domestic front.

The gold June futures traded down by Rs 86/10gm while silver May futures down by Rs 229/kg.

MCX most active gold June contract opened down by Rs 22 at Rs 14,809/10gm. The contract saw movement between Rs 14,751 and Rs 14,830/10gm. At 5.52 pm IST, the contract traded down Rs 86 at Rs 14,747/10gm. Total volumes in June contract recorded 13778 lots.

MCX gold mini the most active June contract opened up by Rs 15 at Rs.14, 785/10gm. The contract saw movement between Rs. 14,740 and Rs. 14,849/10 gm. At 5.52 pm IST, June contract traded down by Rs 82 at Rs. 14,752/10 gm. Total volumes in June contract recorded 17184 lots.

Benchmark silver July contract opened down by Rs 65 at Rs 22,762/kg. The contract fluctuated between Rs 22,600 and Rs 22,895/kg. At 5.52 pm, IST, silver July contract traded down by Rs 229 at Rs 22,598/kg. Total volumes in July contract recorded 13692 lots.

MCX silver mini June futures opened down by Rs 23 at Rs. 22,780/kg. It fluctuated between Rs.22,590 and 22,895/kg. At 5.55 pm mini silver June futures traded down by Rs 204 at Rs 22,620/kg. Total volumes in June contract recorded 20582 lots.

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