Prior to this, the approach of expiry day had attracted short covering in the index futures which ensured that FIIs were left holding close to 60% of their index futures as longs, in stark contrast to just 16% as longs in mid-July.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest