Gold futures were trading lower for the second
consecutive day on sluggish demand in the spot and global market.
Further speculators continued to offload their positions in domestic
market due to weak trend in the overseas markets as Cyprus's bailout
damped safe haven demand mainly weighed on the gold prices at futures
trade.
The contract for April delivery was
trading at Rs 29466.00 /10 GRMS, down by 0.41% or Rs 122.00 from its
previous closing of Rs 29588.00 /10 GRMS. The open interest of the
contract stood at 10609 lots
The contract for June
delivery was trading at Rs 30011.00 /10 GRMS, down by 0.42% or Rs
127.00 from its previous closing of Rs 30138.00 /10 GRMS. The open
interest of the contract stood at 9362 lots on MCX
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