India, July 17 -- Gold prices edged up in the domestic market on Monday as the US dollar fell to new lows after the prospect for further interest rate hikes in the United States this year dimmed following softer US economic data. Also, there was buying in precious metals by jewellers, industries and retailers.

At the MCX, gold futures for August 2017 contract is trading at Rs 28124 per 10 grams, up by 0.46 per cent, after opening at Rs 28050, against a previous close of Rs 27996. It touched the intra-day high of Rs 28130 (at 17:30 hours).

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