Globally, gold traded 0.16 per cent higher at USD 1,248.20 an ounce in New York.
Chana prices dipped 1.41 per cent to Rs 4,488 per quintal in futures trade.
Jeera futures (Jan) is expected to plunge further towards Rs 18250-18100.
Gold can take support near Rs 31,485 levels and can face resistance near Rs 31,800 levels.
Expert says the policy could call for establishment of a bullion bank and a spot gold exchange
Spot gold was little changed at $1,245.40 per ounce as of 0119 GMT.
The Sebi chief also said its 2015 regulations did not work well for startups keen on going public
LIC has also increased its holding to 11 per cent in Indiabulls Housing Finance.
For the Indian market, the lesson of 2018 is buy the fear and sell the greed, said Bhasin.
One should be slightly cautious about metals and the Chinese slowdown is only confirming that.
He sees three factors at work that explain market's seemingly contradictory behavior.
it is possible that the BJP may have a stronger showing in the national elections.
Pabrai feels it is wrong to have a fee structure in wealth and asset management.
FIIs have so far pulled out Rs 39,700 crore from the equity segment.
Market seems to have set its eyes on the Fed meet due on Wednesday.
US West Texas Intermediate (WTI) crude futures were at $49.35 per barrel at 0035 GMT.
US gold futures rose 0.2 per cent to $1,243.60 per ounce.
Brent crude oil was up 90 cents a barrel, or 1.5 per cent, at $61.18 per barrel by 1210 GMT.
International Brent crude oil futures were at $60.32 per barrel.
Mentha this month traded lower by Rs 1.40, or 0.08 per cent, to Rs 1,733.10 per kg.
MCX Gold futures were down 0.29 per cent at Rs 31,460 per 10 gram at around 10.50 am.
MCX is the largest and listed metals and energy exchange.
"Even a fall in the rig count couldn't dispel these concerns."
US gold futures were down 0.1 per cent at $1,239.3 per ounce.
Declining domestic sugar prices are likely to increase the arrears.