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16-Aug2016

Gold futures edge higher on MCX

Gold futures edged higher on MCX as disappointing US economic data tempered expectations of a near-term interest rate hike by the Federal Reserve, weighing on the dollar.

The contract for October delivery was trading at Rs 31442.00, up by 0.71% or Rs 223.00 from its previous closing of Rs 31219.00. The open interest of the contract stood at 10874.00 lots.

The contract for December delivery was trading at Rs 31717.00, up by 0.65% or Rs 206.00 from its previous closing of Rs 31511.00. The open interest of the contract stood at 2454.00 lots on MCX.


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