New Delhi, Sept. 25 -- Gold prices were headed for a weekly decline owing to elevated US real yields, a firm dollar and hawkish central-bank policies. Bullion was trading around $4,270 an ounce, down over 2.5% this week.

Meanwhile, in today's deals, Spot gold fell 0.1% to $4,271.54 an ounce at 7:50 a.m. in Singapore.

"Gold is holding below $4,300 an ounce, at $4,288 globally, after a sharp fall in the previous session, with MCX gold slipping to Rs.1,50,900 per 10 grams as a stronger dollar and surging Treasury yields squeeze the metal on both fronts. The dollar index has climbed to the 101 mark, its highest level in almost two months, while the US 10-year yield is trading near 5.11%, its highest since July 2007, after stronger-than-expe...