Gold futures traded down on MCX as speculators exited
positions in the precious metal tracking a weak trend in the overseas
market as holdings in bullion-backed exchange traded products slumped to
a six-year low, signaling weak demand for the bullion as an alternative
asset.
The contract for December delivery was
trading at Rs 25582.00, down by 1.47% or Rs 381.00 from its previous
closing of Rs 25963.00. The open interest of the contract stood at
8231.00 lots.
The contract for February delivery
was trading at Rs 25790.00, down by 1.36% or Rs 356.00 from its previous
closing of Rs 26146.00. The open interest of the contract stood at
1929.00 lots on MCX.
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