Gold dips

Bengaluru : Gold prices stuck to a narrow range on Thursday, hovering near five-week lows hit in the previous session, pressured by a stronger dollar and a rise in U.S. Treasury yields.

Spot gold was up 0.1 percent at $1,324.61 per ounce at 0656 GMT, a day after it fell to $1,318.51, its lowest since March 21. U.S. gold futures rose 0.3 percent to $1,326.2 an ounce.

"Gold prices are lower because of the stronger dollar," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

"At these low levels the market could now attract some physical buying interest the market has a very good (physical) support at around $1,310-$1,315 levels."

The dollar index , which measures the greenback against a basket of currencies, was at 91.102 after rising as far as 91.261 in the previous session, its highest since January 12.