Gold may remain in a range near $1800/oz amid mixed factors, but increasing monetary tightening expectations may limit upside, said Ravindra Rao of Kotak Securities.

Gold prices were steady on February 9 in international markets and near a two-week high scaled in the previous session, as inflationary risks and  Russia-Ukraine tensions underpinned the safe-haven metal, despite prospects of an aggressive rate hike by the US central bank.

At the Multi-Commodity Exchange (MCX), gold contracts were trading 0.02 percent lower at Rs 48,419 for 10 grams at 9.24 am and silver added 0.29 percent to trade at Rs 62,550 a kilogram.

Gold and silver prices advanced in the previous session despite rising US dollar and bond yield, which kept the upside limited in precious metals. Buying momentum is looking strong in gold and silver which may take the prices to a new high. However, gold in Comex has resistance at $1835.