Mumbai: Gold futures price recovered by 0.11% on the Multi Commodity Exchange today as traders indulged in increasing their positions on scattered buying in the physical market.
On the MCX counters, gold for the most active August contract gained 0.11% to Rs14,886 per ten gram with an open interest of 13,223 lots. It lost 0.16% in the previous day’s trading.
Similarly, the metal for delivery in October contract traded higher by the same margin with an open interest of 4,790 lots.
Marketmen said scattered buying by speculators in view of pick up in demand in the spot market led to recovery in gold prices at futures market here.