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08-Apr2019

Gold futures edge higher on MCX

Gold futures edged higher on MCX amid the weak dollar against some major basket of currencies. Investors are now awaiting the minutes of the Federal Open Market Committee's (FOMC) March policy meeting, due on Wednesday, for cues on Fed's future monetary policy stance.

The contract for June delivery was trading at Rs 32101.00, up by 0.72% or Rs 228.00 from its previous closing of Rs 31873.00. The open interest of the contract stood at 15167 lots.

The contract for August delivery was trading at Rs 32268.00, up by 0.85% or Rs 273.00 from its previous closing of Rs 31995.00. The open interest of the contract stood at 2377 lots on MCX.

 


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