In the domestic market Gold futures closed low on Thursday among a rallying U.S. dollar index & upbeat U.S. economic data which continued to produce selling in the precious metals markets.
The weekly U.S. jobless
claims report Thursday showed a sharp fall in claims in the latest week and
added to a batch of generally better U.S. data released this week and helped to
push gold prices to new low.
At the MCX, gold
futures for October 2016 contract ended at Rs 29564 per 10 grams, downward by
1.18 %, after opening at Rs 29,835, against a previous close of Rs 29,916. It
touched the intra-day low of Rs 29,550.
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