Gold futures edge marginally higher on MCX

Gold futures were trading marginally higher on MCX on increase in demand in the spot market amid ongoing marriage season. Besides, a firming trend in overseas markets as weaker equities and escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal, also influencing the domestic gold prices. However, some investors awaited the outcome of the US Federal Reserve’s policy meeting later this week which could impact the sentiment. The contract for June delivery was trading at Rs 28939.00, up by 0.12% or Rs 34.00 from its previous closing of Rs 28905.00. The open interest of the contract stood at 10677.00 lots. The contract for August delivery was trading at Rs 28432.00, up by 0.17% or Rs 49.00 from its previous closing of Rs 28383.00. The open interest of the contract stood at 2248.00 lots on MCX.