Gold futures were trading marginally higher on MCX due to aggressive demand from stockists and investors amid firm overseas support. The trading sentiment improved further as gold in overseas markets rose the most in a week after data showed China's inflation accelerated more than estimated in June, boosting demand for the yellow metal as a hedge. The prices found further support from weakness in the US dollar, as dollar-priced commodities become less expensive to investors holding other currencies.
The contract for August delivery was trading at Rs 26222.00/10 GRMS, up by 0.44% or Rs 115.00 from its previous closing of Rs 26107.00/10 GRMS. The open interest of the contract stood at 13737.00 lots
The contract for October delivery was trading at Rs 26329.00/10 GRMS, up by 0.33% or Rs 86.00 from its previous closing of Rs 26243.00/10 GRMS. The open interest of the contract stood at 3217 lots on MCX.
The contract for August delivery was trading at Rs 26222.00/10 GRMS, up by 0.44% or Rs 115.00 from its previous closing of Rs 26107.00/10 GRMS. The open interest of the contract stood at 13737.00 lots
The contract for October delivery was trading at Rs 26329.00/10 GRMS, up by 0.33% or Rs 86.00 from its previous closing of Rs 26243.00/10 GRMS. The open interest of the contract stood at 3217 lots on MCX.
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