Gold futures trade down on NCDEX as a stronger dollar dimmed the appeal of gold as an alternative asset. Further, speculators exited positions in the precious metal tracking a weak trend in the overseas market.
The contract for June delivery was trading at Rs 26687.00, down by 0.55% or Rs 147.00 from its previous closing of Rs 26834.00. The open interest of the contract stood at 6780.00 lots.
The contract for August delivery was trading at Rs 25925.00, down by 0.54% or Rs 142.00 from its previous closing of Rs 26067.00. The open interest of the contract stood at 6060.00 lots on MCX.
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