MCX Gold Tips: Gold futures closes lower in the national market on Thursday after minutes from the Federal Reserve’s September policy-setting conference showed that central-bank officials held off on an interest-rate hike because downside risks had climbed. That implied the central bank may again delay raising rates, which is supportive for gold. Some of the selling may have been due to Chinese traders taking some profits on the current strength in gold, following the end to the country’s “Golden Week” holiday. A perusal of U.S. weekly jobless demand, which showed that the number of people applying for unemployment benefits marked its smallest level since mid-July, did little to change gold’s downward slide Thursday. At the MCX, Gold futures for December 2015 contract closed at Rs 26,446 per 10 gram, down by 0.41 per cent after opening at Rs 26,501, against the last closing price of Rs 26,555. It touched the intra-day low of Rs 26,337.
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