Gold futures were trading higher in the domestic market on Tuesday on account of buying in precious metals by jewellers, industries and retailers amid subdued equity markets. The recent softer economic data raised the speculation that the Federal Reserve may be reluctant to increase interest rates quickly, invariably leading to the rise in gold prices.
At the MCX, gold futures for August 2017 contract is trading at Rs 28141 per 10 grams, up by 0.07 per cent, after opening at Rs 28138, against a previous close of Rs 28120. It touched the intra-day high of Rs 28205.
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