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MCX gold opens higher at Rs 29,800 per 10 gm

Suresh P. Iyengar
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Gold is likely to take cues from rupee with the RBI announcing its credit policy on Tuesday.
Gold is likely to take cues from rupee with the RBI announcing its credit policy on Tuesday.

Gold futures on the Multi Commodity Exchange opened marginally higher.

August contract opened higher at Rs 29,800 per 10 grams against Saturday's close of Rs 29,795.

In Comex, the yellow metal was trading at $1,618 troy ounce.

Gold futures has already given much of the gains recorded in the morning and is waiting for RBI policy for direction.

(This article was published on July 30, 2012)
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