Gold future edge lower on sustained selling

Gold future traded down on MCX as the traders remained on sidelines ahead of the FOMC meet and the gross domestic product report due to be released later today. Sustained selling by stockiest against sluggish demand amid a weakening global trend mainly led to decline in gold prices. The contract for June  delivery was trading at Rs 28675.00, down by 0.26% or Rs 75.00 from its previous closing of Rs 28750.00. The open interest of the contract stood at 10552.00 lots. The contract for August delivery was trading at Rs 28069.00, down by 0.32% or Rs 90.00 from its previous closing of Rs 28159.00. The open interest of the contract stood at 2552.00 lots on MCX