COMMODITY
Gold futures trade higher on safe haven appeal
Jul-31-2025
Gold futures traded higher on MCX, as the market is influenced by rising tariff tensions between India and the US, prompting investors to seek safe-haven assets. Inflation concerns and currency volatility also supported gold as a strategic investment.

The contract for August delivery was trading at Rs 98394.00 up by 0.33% or Rs 327.00 from its previous closing of Rs 98067.00. The open interest of the contract stood at 342 lots.

The contract for October delivery was trading at Rs 99081.00 up by 0.10% or Rs 98.00 from its previous closing of Rs 98983.00. The open interest of the contract stood at 12265 lots on MCX.

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