COMEX Gold jumped last week on slightly modest views expressed in a barrage of talks of Fed speakers. The US central bank raised interest rates for the second time in three months last week.
Natural Gas, Gold, Silver and Platinum have rallied, while Copper has tumbled.
MCX Gold futures are also down 0.2 percent at Rs 28,739 per 10 grams. Worries over poor speculative demand seem to be weighing on the metal.
Copper and Natural Gas have dropped, while Silver, Crude Oil, Brent Oil are flat.
MCX Gold futures backed off from highs near Rs 28,950 per 10 gram levels and ended down 0.3 percent at Rs 28,800 levels.
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Precious Metals Preview: Gold slips a little ahead of weekend