Gold futures in India slipped to Rs 1,44,022 per 10 grams, with weaker spot demand putting pressure on the market. The decline in futures came even as domestic gold prices stayed close to record levels.
Market sentiment was mixed. Fresh retail purchases helped support prices in the local market, suggesting that consumer interest remained intact despite elevated rates. That buying interest kept domestic bullion from falling more sharply.
At the same time, a stronger US dollar weighed on gold futures. When the dollar gains, bullion often faces pressure, and that appeared to limit upside in the market. Global gold trends also remained restrained, adding to the softer tone in futures trading.
Overall, the move reflected a tug-of-war between firm retail demand at home and broader pressure from currency strength and softer spot demand. As a result, gold prices stayed near historic highs, but futures edged lower during the session.
