2025-12-12 01:28:09 pm | Source: Accord Fintech
Gold futures trade higher with positive global rates
Gold futures traded higher on MCX, mirroring positive global rates after Federal Reserve trimmed interest rate by quarter basis point for the third time in the year and signalled a less hawkish tone than expected. Additionally, softer dollar and strong central bank buying also fuelled the upward momentum.
The contract for February delivery was trading at Rs 132750.00 up by 0.21% or Rs 281.00 from its previous closing of Rs 132469.00. The open interest of the contract stood at 13355 lots.
The contract for April delivery was trading at Rs 135089.00 up by 0.21% or Rs 282.00 from its previous closing of Rs 134807.00. The open interest of the contract stood at 1279 lots on MCX.
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Gold futures trade higher with positive global rates
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