COMMODITY
Gold futures trade higher on weak dollar
Oct-18-2024
Gold futures traded higher on MCX, supported by positive global rates followed by dovish central banks, weak bond yield notes and dip in dollar. Moreover, safe haven bets counting on intensified Middle East geopolitical tensions and uncertainties surrounding the US presidential elections also lifted the yellow metal rates.

The contract for December delivery was trading at Rs 77620.00 up by 0.67% or Rs 513.00 from its previous closing of Rs 77107.00. The open interest of the contract stood at 15800 lots.

The contract for February delivery was trading at Rs 78135.00 up by 0.68% or Rs 528.00 from its previous closing of Rs 77607.00. The open interest of the contract stood at 2109  lots on MCX.
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