Skip to main content

MoneyWorks4Me

Gold futures trade marginally lower on MCX

17 Jul 2018 Evaluate

Gold futures edged marginally down on MCX as participants cut down their bets amid a weak trend overseas as the US dollar remained largely unchanged ahead of the US Federal Reserve Chairman Jerome Powell’s first congressional testimony.

The contract for August delivery was trading at Rs 30078.00, down by 0.01% or Rs 2.00 from its previous closing of Rs 30080.00. The open interest of the contract stood at 7048 lots.

The contract for October delivery was trading at Rs 30350.00, down by 0.06% or Rs 19.00 from its previous closing of Rs 30369.00. The open interest of the contract stood at 1120 lots on MCX.