MCX Gold Tips : Gold prices ended higher in the domestic market on Thursday as investors anticipate muted job gains for the month of July when the US Department of Labor releases its employment situation report on Friday morning. Investors await the release of Friday's job report by the Labor Department's Bureau of Labor Statistics for further indications on the timing of the Federal Reserve's first interest rate hike since 2006. Further, a stronger dollar reduced the demand for Gold as an alternative asset. Stronger greenback makes the bullion expensive for those holding other currencies, thus reducing demand. At the MCX, Gold futures for October 2015 contract closed at Rs 24,788 per 10 gram, up by 0.39 per cent after starting at Rs 24,675, against the previous closing price of Rs 24,691. It touched the intraday high of Rs 24,849.
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