Gold futures for June 2012 contract, at MCX, were trading at Rs. 28,591 per 10 grams, down by 0.15 per cent after opening at Rs. 28,601 against the previous closing price of Rs. 28,633. It touched the intra-day low of Rs. 28,541 till the trading at 3.13 pm IST
Yesterday, prices rose as hopes for more monetary easing by the Federal Reserve after weak U.S. jobs data and higher physical demand for the yellow metal after jewelers in India called off their three-week-old strike supported sentiment.