Gold slips to a week low, MCX updates on Gold

 Gold 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 choppy equities

Spot 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.

MCX 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.