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Bullion tips & updates : Gold futures closed lower in the native market on yesterday as investors and speculators quit their positions in the precious metal as Fed Chair Janet Yellen's remarks overnight in which she signaled that a December interest rate hike was a "live possibility" weighed on the yellow metal which becomes less attractive in a rising interest rate scenario.

Bullion tips is often seen as a alternative investment at the time of geopolitical and financial unstability, though safe-haven rallies tend to be short-lived. Global equity markets were flat on yesterday after their worst January kick-off in years as concerns about the economy of China weighed.

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Gold futures extended Friday's gains and were trading higher during late noon trade in the domestic market on Monday asFriday's deadly terrorist attacks in Paris which killed over 130 people, raised geopolitical risks, sapping risk taking appetite, and forcing traders to seek shelter in safe haven assets such as the bullion.

Gold futures on India's MCX is looking sideways to bullish for the day. The commodity is expected to trade on a volatile note as data releases are scheduled for the evening from US.

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The trend in gold futures for June delivery on India's Multi Commodity Exchange (MCX) looks sideways to bullish and prices are expected to remain in the range of 26200 to 26500 for the day. Intra-day traders are advised to buy on dips.

Gold in the international market edged-up on Wednesday amid strong Chinese demand. However, outflows from ETFs capped gains in the precious metal. Also, physical demand for the yellow metal has picked up in Asia since gold's biggest daily plunge in 30 years in April.

MCX Gold June : Sell around 27300 levels with a stop loss placed above 27500 levels for targets of 27000 levels. MCX Silver July : Sell around 44500 levels with a stop loss placed above 45000 levels for targets of 43200 levels.