Breaking News

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

19-Aug2016

Gold futures trade lower on MCX

Gold futures traded lower on MCX as the dollar rebounded and a Federal Reserve policy maker said the US economy is strong enough to warrant an increase in interest rates soon, warning that waiting too long risks high inflation or asset bubbles mainly influenced gold prices at futures trade.

The contract for October delivery was trading at Rs 31438.00, down by 0.13% or Rs 40.00 from its previous closing of Rs 31478.00.The open interest of the contract stood at 11088.00 lots.

The contract for December delivery was trading at Rs 31747.00, down by 0.11% or Rs 34.00 from its previous closing of Rs 31781.00. The open interest of the contract stood at 2639.00 lots on MCX.


Related News

View all news

Gold futures finish at one month low on Monday

Gold futures finished at one month low on Monday, with the increased risk appetite among investors improved stock markets and dulled bullion investments. Besides, a stronger dollar amid the anticipated......

Gold futures trade almost steady on Monday

Gold futures traded almost steady on Monday, with cautious outlook from investors as they eyed on impending report from china showcasing dimmed economic growth to its slowest in 28 years in 2018 in face......

Gold futures end lower on Thursday

Gold futures retreated from 2-week high on Thursday, with firmer dollar and on reports of better than expected US job weekly data. Moreover, increased risk appetite among investors with positive trend......

Top News

View all news

Coromandel International reports 14% fall in Q3 consolidated net profit

Coromandel International has reported results for third quarter ended December 31, 2018.The company has reported a fall of 15.23% in its net profit at Rs 152.67 crore for the quarter under review as compared......

Bajaj Auto planning to foray into electric vehicles next year

Bajaj Auto is planning to foray into electric vehicles (EV) next year, simultaneously with the migration of its conventional engine vehicles to BS-VI emission norms.The company also plans to launch electric......

Inflame Appliances, Lupin and IDBI Bank to see some action today

Inflame Appliances has set up a new facility to produce Electrical Chimneys & its parts, which can be considered as an 'Make in India' initiative as more than 90% Chimneys are imported from China......