Gold futures traded lower in early deals on Monday, saddled by the firmness in dollar and on stronger bond yield notes. Moreover, yellow metal rates got pressured with the sluggish physical demand in key consumer India, with government officials expecting a sharp decline in gold imports in December. Meanwhile, yellow metal for the most active contract logged weekly loss of about 0.78 % and surged about 25% this year so far.
Gold futures for February delivery dipped by $4.70 or 0.18% to settle at $ 2,640.40 ounce on the Comex division of the New York Mercantile. While, spot gold up by $2.13 or 0.08% to $ 2,625.04 an ounce.