prices declined to a 7-days low on Monday because of improving macro-economic
data. The metal dropped amid a large drop in major global commodities. COMEX
Gold futures had gained on continued worries over global economic growth and
gold edged 0.2% lower to USD1,288.08per ounce, having touched usd1,286.44, its
lowest since fifth April. U.S gold futures declined 0.3% to USD1,291/per ounce.
Gold futures ended up 0.34% at Rs31750 per ten grams on Friday as highs around
Rs32000 levels acted as a firm resistance for the metal. A volatile undercurrent
in Indian Rupee also weighed on the sentiments.