2026-01-12 12:43:33 pm | Source: Accord Fintech
Gold futures trade higher on strong global rates
Gold futures traded higher on MCX, in tandem with the strong global rates amidst softer dollar and declining bond yield notes. Additionally, heightened bets on further Fed interest rate cuts this year followed by weaker than expected US Jobs data for December.
The contract for February delivery was trading at Rs 141160.00 up by 1.69% or Rs 2341.00 from its previous closing of Rs 138819.00. The open interest of the contract stood at 14432 lots.
The contract for April delivery was trading at Rs 144999.00 up by 1.59% or Rs 2275.00 from its previous closing of Rs 142724.00. The open interest of the contract stood at 4558 on MCX.
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