COMEX Gold continued to hold above $1800 per ounce amid volatile global equities. Investors continue to monitor a surge in COVID-19 cases across the continent driven by the highly-transmissible delta variant, which has led several countries to re-impose social restrictions. Investors likely continued to monitor the COVID-19 situation in Asia as it weighs on sentiment. In South Korea, the second highest level of virus restrictions will be reportedly applied to non-capital areas starting Tuesday. Indonesia on Sunday also reportedly extended its COVID-19 restrictions by a week. COMEX Gold futures are currently trading at $1803 per ounce, up marginally on the day. MCX Gold trades at Rs 47565 per 10 grams, up 0.07% on the day after almost hitting Rs 47800 mark.
Powered by Commodity Insights