Gold Supported, COMEX Futures Move Up Above $1800 Mark

Gold Supported, COMEX Futures Move Up Above $1800 Mark

Nov 25, 2020 05:11 IST capital market

COMEX Gold futures saw some recovery today after a sharp slide of around 2% in last session took it near four and half month low. Indian retail prices are lingering well under Rs 49000 per 10 grams now and an appreciating Indian Rupee is keeping the undertone in spot prices lax. Demand could stay supported in local markets on these cues. COMEX Gold futures are currently trading at $1809 per ounce, up 0.24% on the day. MCX Gold futures are trading at Rs 48640 per 10 grams, up 0.11% on the day. The US dollar index fell briefly under 92 mark today, testing its lowest level in two and half months and kept Gold mostly supported.

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