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Gold futures edge lower on MCX

Gold futures edged lower on MCX due to a weak trend overseas as a rally that pushed the Dow Jones Industrial Average above 20,000 for the first time, along with the stronger US currency and Treasury yields close to the highest this year, reduced demand for the metal.

The contract for February delivery was trading at Rs 28155.00, down by 0.81% or Rs 230.00 from its previous closing of Rs 28385.00. The open interest of the contract stood at 6378 lots.

The contract for April delivery was trading at Rs 28182.00, down by 0.83% or Rs 236.00 from its previous closing of Rs 28418.00. The open interest of the contract stood at 4033 lots on MCX.

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