Gold futures traded up on MCX as investors and speculators booked fresh positions in the precious metal tracking a firm trend in the overseas market where the yellow metal snapped a six-day losing streak as a decline in equities boosted the demand for the bullion as an alternative asset.
The contract for June delivery was trading at Rs 26754.00, up by 0.07% or Rs 19.00 from its previous closing of Rs 26735.00. The open interest of the contract stood at 288.00 lots.
The contract for August delivery was trading at Rs 25858.00, up by 0.15% or Rs 38.00 from its previous closing of Rs 25820.00. The open interest of the contract stood at 9175.00 lots on MCX.
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