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17-Oct2018

Gold futures decline on firming dollar

Gold futures declined on MCX as traders await the minutes from the US Federal Reserve's latest policy meeting for fresh clues on the pace of interest rate hikes. Besides, a firming dollar against some major basket of currencies also weighed on gold futures.

The contract for December delivery was trading at Rs 31811.00, down by 0.18% or Rs 57.00 from its previous closing of Rs 31868.00. The open interest of the contract stood at 13400 lots.

The contract for February delivery was trading at Rs 32056.00, down by 0.28% or Rs 90.00 from its previous closing of Rs 32146.00. The open interest of the contract stood at 888 lots on MCX.

 


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