Gold futures traded down on MCX as speculators indulged in trimming positions following the weak trend in the overseas markets before the US Federal Reserve concludes a two-day policy meeting today putting pressure on the gold prices at futures trade.
The contract for August delivery was trading at Rs 26715.00, down by 0.46% or Rs 124.00 from its previous closing of Rs 26839.00. The open interest of the contract stood at 9137.00 lots.
The contract for October delivery was trading at Rs 26780.00, down by 0.41% or Rs 111.00 from its previous closing of Rs 26891.00. The open interest of the contract stood at 1090.00 lots on MCX.
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