Gold Down On Strengthening Dollar

Gold futures closed lower in the domestic market on Friday as strength in the U.S. dollar and a rebound in stocks.

A much weaker-than-expected March jobs report had helped the yellow metal to extend gains, but the yellow metal pulled back later as the dollar rose.

At the MCX, gold futures for June 2017 contract ended at Rs 28665 per 10 grams, down by 0.19 per cent, after opening at Rs 28,884 against a previous close of Rs 28,721. It touched the intra-day low of Rs 28,661.

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Suhani Verma

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