Gold gave up early gains to trade lower at Rs 1.41 lakh per 10 grams amid subdued market sentiment. On the Multi Commodity Exchange, the yellow metal for August delivery fell by Rs 181, or 0.13 per cent, to Rs 1,41,600 per 10 grams. The October contract declined by Rs 252, or 0.18 per cent, to Rs 1,43,031 per 10 grams on the commodities bourse. In the overseas markets, Comex gold futures for August delivery traded marginally lower at $4,031.70 per ounce in New York. She added that any future monetary policy tightening could strengthen the US dollar and weigh on commodities and other emerging market assets.