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Gold futures trade lower on strong dollar

26 Aug 2021 Evaluate
Gold futures traded lower on MCX, in tandem with the negative international rates with the stronger dollar and on caution ahead to Federal Reserve’s verdict.

The contract for October delivery was trading at 47155.00 down by 0.05% or Rs 24.00 from its previous closing of Rs 47179.00. The open interest of the contract stood at 11623 lots

The contract for December delivery was trading at Rs 47304.00 down by 0.11% or Rs 51.00 from its previous closing of Rs 47355.00. The open interest of the contract stood at 2656  lots on MCX.