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Gold Turns Lower, Dollar Index Breaks Above 95 Mark

Gold Turns Lower, Dollar Index Breaks Above 95 Mark

January 18, 2022 4:02 IST | capital market
COMEX Gold slipped today as firm US dollar index, which moved up above 95 mark kept the metal under check after recent surge. COMEX Gold futures had hit around one week high near $1830 per ounce last week. Indian Gold demand could moderate after recent spike in prices took the spot retail quotes to around Rs 48000 per 10 grams mark. Gold currently trades down 0.41% at $1809 per ounce. MCX Gold futures are trading at Rs 47874 per 10 grams, down marginally on the day. The US dollar index moved up further from its three month low and currently quotes at 95.33, up marginally on the day.

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