Gold future traded down on MCX due to trimming of positions by speculators in tandem with a weak global trend, as the dollar advanced towards a four-year high, reducing demand for precious metals as an alternative investment.
The contract for December delivery was trading at Rs 26700.00, down by 0.08% or Rs 21.00 from its previous closing of Rs 26721.00. The open interest of the contract stood at 7309.00 lots.
The contract for February delivery was trading at Rs 26882.00, down by 0.08% or Rs 22.00 from its previous closing of Rs 26904.00. The open interest of the contract stood at 255.00 lots on MCX.
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