Gold futures traded higher on MCX on sustained buying by stockists to meet ongoing marriage season demand amid a firming global trend. Further, the jewellers sought to restock inventory and investors sought safety due to geopolitical tension against signs of an improving global economy, supportin the upside of yellow mwtal.
The contract for June delivery was trading at Rs 28557.00, up by 0.13% or Rs 37.00 from its previous closing of Rs 28520.00. The open interest of the contract stood at 10040.00 lots.
The contract for August delivery was trading at Rs 27971.00, up by 0.27% or Rs 74.00 from its previous closing of Rs 27897.00. The open interest of the contract stood at 3064.00 lots on MCX.
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