Tokyo gold futures inched up in light trade on Thursday with traders looking for fresh direction amid a range-bound currency market.
The benchmark December 2004 gold contract on the Tokyo Commodity Exchange settled up four yen per gram at 1,398 yen, the day's high.
The low was 1,390 yen. All other contracts inched by three yen, with the exception of the October contract, which rose, by seven yen.
"There's very little to trade on in the market," a Tokyo trader said. He said the currency market had moved little, with the dollar stuck against the yen and wavering around 106 yen.
Total gold turnover was estimated at a light 86,765 lot, or about 86.8 tonnes, down from Wednesday's 111,754 lots.
In the spot market, bullion was fetching $409.75/0.50 an ounce at TOCOM's closing bell, compared with $410.20/$410.80 last quoted in New York.
The dollar was fetching $105.99/6.04 yen, against 105.71/5.77 yen at about the same time on Wednesday. The market was also cautious ahead of a February 6-7 meeting in Florida of the Group of Seven industrial countries.
Below are closing prices for TOCOM's most active precious metals contracts, with the day's turnover for each metal.
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