Gold futures closed higher in the domestic market on Thursday tracking a firm trend overseas as traders indulged in building up fresh positions.
Analysts attributed the rise in gold futures to a firm trend overseas where gold climbed as the dollar retreated after minutes from July's Federal Reserve meeting signaled that US interest rates are poised to stay lower for longer.
At the MCX, Gold futures for October 2016 contract closed at Rs 31,478, per 10 gram, up by 0.35 per cent after opening at Rs 31,399, against the previous closing price of Rs 31,368. It touched the intra-day high of Rs 31,518.
At the MCX, Gold futures for October 2016 contract closed at Rs 31,478, per 10 gram, up by 0.35 per cent after opening at Rs 31,399, against the previous closing price of Rs 31,368. It touched the intra-day high of Rs 31,518.
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