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Gold futures trade higher on MCX

Gold futures traded higher on MCX as the dollar faltered after softer-than-expected US inflation data dimmed the case for a faster pace of policy tightening by the US Federal Reserve, amid signs of movement in the Sino-US trade standoff.

The contract for October delivery was trading at Rs 30560.00, up by 0.36% or Rs 110.00 from its previous closing of Rs 30450.00. The open interest of the contract stood at 8134 lots.

The contract for December delivery was trading at Rs 30765.00, up by 0.33% or Rs 101.00 from its previous closing of Rs 30664.00. The open interest of the contract stood at 3956 lots on MCX.

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