Gold futures closed lower in the domestic market on Friday after the latest consumer confidence data was released, while a pullback in Treasury yields and the US dollar lent support.
Recently, gold has been pressured by rising treasury yields and a strong greenback, but on Friday, the ICE US Dollar Index was trading with a downside bias, while the yield on the 10-year Treasury note fell.
At the MCX, gold futures for February 2017 contract ended at Rs 27000 per 10 grams, up by 0.12 per cent, after opening at Rs 26,995 against a previous close of Rs 26,968. It touched the intra-day high of Rs 27,042.
Recently, gold has been pressured by rising treasury yields and a strong greenback, but on Friday, the ICE US Dollar Index was trading with a downside bias, while the yield on the 10-year Treasury note fell.
At the MCX, gold futures for February 2017 contract ended at Rs 27000 per 10 grams, up by 0.12 per cent, after opening at Rs 26,995 against a previous close of Rs 26,968. It touched the intra-day high of Rs 27,042.
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