Gold futures traded lower in early deals of Monday, saddled by the strength in dollar and on rising bond yield notes. Besides, dulled safe haven appeals amidst efforts to secure a longer-term ceasefire agreement between the US and Iran, also pressured the yellow metal rates. The precious metal for the most active contract had marked a weekly gain of about 1%.
Gold futures for August delivery down by $48.20 to 1.05% to $4,544.80 an ounce on the Comex division of the New York Mercantile. While, spot gold lower by $ 27.03 or 0.60% to $ 4,513.23 an ounce.