Gold futures traded up on MCX as sharp depreciation of the Indian rupee against the US dollar more than offset the losses in the precious metal in the overseas market. A weaker rupee against the greenback exerts upward pressure on domestic bullion prices.
The contract for December delivery was trading at Rs 26475.00, up by 0.55% or Rs 145.00 from its previous closing of Rs 26330.00. The open interest of the contract stood at 8857.00 lots.
The contract for February delivery was trading at Rs 26677.00, up by 0.36% or Rs 97.00 from its previous closing of Rs 26580.00. The open interest of the contract stood at 2864.00 lots on MCX.
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