India, July 6 -- Gold prices started the week on a cautious note as investors booked profits after the precious metal touched a two-week high in the global markets. Gold futures on the Multi Commodity Exchange (MCX) slipped around 0.5% to settle near Rs 1.46 lakh per 10 grams while international spot gold slipped below $4,160 per ounce after briefly touching $4,200.

The decline came even as the US Federal Reserve took a relatively less aggressive stance on future interest rate hikes. US employment data came in weaker than expected and helped sentiment, but a stronger US dollar made gold more expensive for overseas buyers and triggered some short-term selling.

Prices have corrected but the market fundamentals remain supportive for gold o...