2025-12-11 02:58:42 pm | Source: Accord Fintech
Gold futures gain after US Fed cuts rates
Gold futures witnessed gains on MCX, following the US Federal Reserve’s third consecutive interest rate cut. The move was broadly in line with expectations, but the policy outlook remains uncertain.
The contract for February delivery was trading at Rs 130585.00, up by 0.61% or Rs 789.00 from its previous closing of Rs 129796.00. The open interest of the contract stood at 13535 lots.
The contract for April delivery was trading at Rs 132844.00, up by 0.52% or Rs 683.00 from its previous closing of Rs 132161.00. The open interest of the contract stood at 1365 lots on MCX.
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