Gold edged to below $1,400 an ounce on Thursday as India, the world's biggest bullion consumer, raised import duty on the metal by a third to reduce its current account deficit.
* Spot gold had dropped 0.25 percent to $1,399.36 an ounce by 0016 GMT, after gaining slightly on Wednesday as investors looked for safer assets after a private U.S. jobs reading fell short of expectations.
* U.S. gold rose slightly to $1,399.10.
* U.S. private employers added 135,000 jobs in May, falling short of economists' expectations, a report by a payrolls processor showed on Wednesday, curbing fears the Federal Reserve would soon cut its monetary stimulus.
* India increased import duty on gold by a third to 8 percent as the government seeks to halt a surge in demand after gold imports hit 162 tonnes in May - twice the monthly average of 2011 when they reached a record.
* China's gold imports unexpectedly tumbled in April from record levels on supply constraints as demand surged after global prices hit two-year lows, although a recovery is likely in May.
Copyright Thomson Reuters 2012