Gold futures finished slightly lower on Friday, as the market took a breather after previous session’s all time high settlement. A slowdown in purchases from jewellers and strength in dollar saddled yellow metal rates. However, the yellow metal for the most active contract rose by 1.8%, marking eighth straight weekly gain.
Gold futures for April delivery slipped by $2.90 or 0.09% to $2,953.20 ounce on the Comex division of the New York Mercantile. While, spot gold down by $2.93 or 0.10% to settle at $2,936.05 an ounce.