A stronger dollar curbed the demand for the bullion as an alternative asset. Stronger dollar makes the precious metal expensive to those holding other currencies, thus dimming demand.
Gold futures for October 2014 contract, at MCX, is trading at Rs. 26,626 per 10 grams, down by 0.12 per cent, after opening at Rs. 26,634, against the previous closing price of Rs 26,659. It touched an intra-day low of Rs 26,510. (At 11:20 AM).