Gold futures slide 1 pc to Rs 1.42 lakh/10g on renewed Middle East tensions

NEW DELHI: (Jul 13) Gold futures fell 1 per cent to Rs 1.42 lakh per 10 grams on Monday as renewed military exchanges between the US and Iran lifted oil prices, strengthened the dollar and dented the demand for the precious metal.

On the Multi Commodity Exchange (MCX), the yellow metal for August delivery declined by Rs 1,413, or 0.98 per cent, to Rs 1,42,065 per 10 grams in a business turnover of 9,962 lots.

Last week, MCX gold futures fell Rs 3,900, or 2.65 per cent, to close at Rs 1.43 lakh per 10 grams.