Gold futures closed marginally higher in the domestic market on Friday as trading remained volatile before Britain's June 23 referendum on its EU membership and amid fading expectations of a Federal Reserve rate hike in the next couple of months.
The Fed kept interest rates unchanged on Wednesday and dialed back forecasts for how fast it will raise rates over the next couple of years, citing concerns over the economic outlook.
At the MCX, Gold futures for August 2016 contract closed at Rs 30,615, per 10 gram, up by 0.03 per cent after opening at Rs 30,401, against the previous closing price of Rs 30,607. It touched the intra-day high of Rs 30,657.
At the MCX, Gold futures for August 2016 contract closed at Rs 30,615, per 10 gram, up by 0.03 per cent after opening at Rs 30,401, against the previous closing price of Rs 30,607. It touched the intra-day high of Rs 30,657.
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