Breaking News

You are here » Indian-Commodity  :  Commodities  :  Gold, Silver & Bullion  :  Gold futures edge lower on MCX

29-Aug2016

Gold futures edge lower on MCX

Gold futures edged lower on MCX as speculators offloaded their holdings amid a weakening trend in the overseas markets where gold dropped for a seventh straight day, heading for the longest run of declines since May as comments from leading central bankers boosted speculation that interest rates may rise in coming months.

The contract for October delivery was trading at Rs 30943.00, down by 0.15% or Rs 47.00 from its previous closing of Rs 30990.00. The open interest of the contract stood at 9102.00 lots.

The contract for December delivery was trading at Rs 31126.00, down by 0.16% or Rs 50.00 from its previous closing of Rs 31176.00. The open interest of the contract stood at 3815.00 lots on MCX.


Related News

View all news

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Gold futures edge higher on MCX

Gold futures edged higher on MCX as trade talks between the United States and China hit a wall, raising doubts over whether the two countries would be able to reach a deal, thereby boosting demand for......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......