Gold futures trade lower on profit booking
Gold futures traded lower on MCX, driven by profit booking after the yellow metal rates peaked on global political and economic uncertainties. Negative trend in global rates with stronger green back also dragged the rates down.
The contract for February delivery was trading at Rs 141377.00 down by 0.46% or Rs 655.00 from its previous closing of Rs 142032.00. The open interest of the contract stood at 14600 lots.
The contract for April delivery was trading at Rs 145306.00 down by 0.53% or Rs 775.00 from its previous closing of Rs 146081.00. The open interest of the contract stood at 4817 on MCX.
