Gold futures closed higher in the domestic market on Thursday as weakness in the dollar and U.S. equities and expectations of accommodative central-bank policies combined to nudge gold prices higher.
Weakness in the U.S. dollar supported gold, as did declines in the U.S. stock market on Thursday. Dollar and stock weakness can boost demand for relatively lower-risk precious metals including gold and silver.
At the MCX, Gold futures for August 2016 contract closed at Rs 30988, per 10 gram, up by 0.82 per cent after opening at Rs 30.680, against the previous closing price of Rs 30,737. It touched the intra-day high of Rs 31,045.
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