Gold futures traded higher on MCX as the US dollar fell to multi-month lows after the prospect for further interest rate hikes in the United States this year dimmed following softer US economic data last week.
The contract for August delivery was trading at Rs 28052.00, up by 0.20% or Rs 56.00 from its previous closing of Rs 27996.00. The open interest of the contract stood at 6850 lots.
The contract for October delivery was trading at Rs 28240.00, up by 0.17% or Rs 47.00 from its previous closing of Rs 28193.00. The open interest of the contract stood at 1085 lots on MCX.