Investors are cautious ahead of the US jobless claims data due today which may signal strength in the US labour market, boosting the case for earlier than expected monetary tightening by the Fed.
Gold futures for October 2014 contract, at MCX, is trading at Rs. 28,064 per 10 grams, down by 0.52 per cent, after opening at Rs. 28,161, against the previous closing price of Rs 28,212. It touched an intra-day low of Rs 28,051. (At 10:58 AM).