Gold Futures Were Trading Higher During the Morning Trade in the Domestic Market On Tuesday

Gold futures were trading higher during the morning trade in the domestic market on Tuesday as speculators built up fresh positions in domestic markets. 

Gold prices dipped on Tuesday as the dollar rose to a two-month high, while investors awaited the outcome of a two-day U.S. Federal Reserve policy meeting expected to result in a cut in interest rates.

Analysts said the rise in gold prices was mostly on the back of 34938.00 fresh positions built up by the participants. 

At the MCX, gold futures for August 2019 contract is trading at Rs 34730.00 per 10 grams, up by 0.06 per cent, after opening at Rs 34704.00, against a previous close of Rs 34709.0. It touched the intra-day high of Rs 34773.00

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