Gold Well Supported, MCX Futures Linger Around Rs 51600 Per 10 Grams

Gold Well Supported, MCX Futures Linger Around Rs 51600 Per 10 Grams

Sep 18, 2020 01:09 IST capital market

COMEX Gold stayed well supported today as economic worries posed by Covid-19 supported the yellow metal. The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital?the knowledge, skills, and health that people accumulate over their lives?are key to unlocking a childs potential and to improving economic growth in every country. The World Bank Groups 2020 Human Capital Index includes health and education data for 174 countries covering 98% of the worlds population - up to March 2020. Gold came off a one week low yesterday and currently quotes at $1961 per ounce, up 0.60% on the day. MCX Gold is also currently trading at Rs 51596 per 10 grams, up 0.28% on the day. A surge in Indian Rupee capped the gains for local Gold. INR is currently up 17 paise at 73.48 per US dollar right now.

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