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21-Mar2018

Gold futures trade marginally higher on MCX

Gold futures traded marginally higher on MCX as the dollar fell as investors await the outcome of the US Federal Reserve's meeting this week for signs of the pace of monetary tightening, which could limit the demand for bullion going forward.

The contract for April delivery was trading at Rs 30270.00, up by 0.02% or Rs 7.00 from its previous closing of Rs 30263.00. The open interest of the contract stood at 5271 lots.

The contract for June delivery was trading at Rs 30479.00, up by 0.07% or Rs 20.00 from its previous closing of Rs 30459.00. The open interest of the contract stood at 5333 lots on MCX.


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