Gold futures closed higher in the domestic market on Monday as they staged a modest rebound after suffering their largest weekly decline since mid-July.
Strength in the dollar kept gains for the metal in check, with traders eyeing the monthly U.S. jobs report due at the end of the week as the next major catalyst in the effort to solidify their expectations for the Federal Reserve’s monetary policy path.
At the MCX, Gold futures for October 2016 contract closed at Rs 31,077, per 10 gram, up by 0.28 per cent after opening at Rs 30,940, against the previous closing price of Rs 30,990. It touched the intra-day high of Rs 31,093.
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