Gold futures edged marginally lower on MCX amid a US Federal Reserve meeting later in the week where markets will watch for indications of monetary easing in the world’s largest economy.
The contract for August delivery was trading at Rs 34756.00, lower by 0.05% or Rs 17.00 from its previous closing of Rs 34773.00. The open interest of the contract stood at 13362 lots.
The contract for October delivery was trading at Rs 35353.00, lower by 0.07% or Rs 24.00 from its previous closing of Rs 35377.00. The open interest of the contract stood at 17318 lots on MCX.
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