COMMODITY
Gold futures trade lower on profit taking
Oct-31-2024
Gold futures traded lower on MCX, pressured by the profit taking after the yellow metal rates advanced on safe haven appeal with the lingering geopolitical tensions, upcoming US elections and hopes on more interest rate cuts by the central banks.

The contract for December delivery was trading at Rs 79475.00 down by 0.33% or Rs 261.00 from its previous closing of Rs 79736.00. The open interest of the contract stood at 14869 lots.

The contract for February delivery was trading at Rs 79955.00 down by 0.34% or Rs 272.00 from its previous closing of Rs 80227.00.The open interest of the contract stood at 4029 lots on MCX.

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