The US economy added 288,000 jobs in June, compared to 215,000 estimated by analysts.
Stronger dollar and a rise in equities dimmed the appeal of the precious metal as an alternative asset. Stronger dollar makes the bullion more expensive for those holding other currencies, thus dimming demand.
Gold futures may fall today amid speculation that the Fed may start tightening monetary policy sooner than earlier estimated after upbeat jobs data.
Gold futures for August 2014 contract, at MCX, closed at Rs. 27,464 per 10 grams, down by 0.72 per cent, after opening at Rs. 27,564, against the previous closing price of Rs 27,663. It touched an intra-day low of Rs 27,363.