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17-May2017

Gold futures trade higher on MCX

Gold futures traded higher on MCX, touching the highest level in two weeks, as traders kept an eye on fresh political developments in the US after President Donald Trump allegedly asked the FBI to end a probe into his former security adviser. Besides, a weak US dollar against some major basket of currencies also fuelled the uptrend.

The contract for June delivery was trading at Rs 28254.00, up by 0.57% or Rs 160.00 from its previous closing of Rs 28094.00. The open interest of the contract stood at 6062 lots.

The contract for August delivery was trading at Rs 28406.00, up by 0.42% or Rs 119.00 from its previous closing of Rs 28287.00. The open interest of the contract stood at 1234 lots on MCX.


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