Precious Metals Preview: Gold Sees Modest Gains, Bitcoin Nears Record High

Precious Metals Preview: Gold Sees Modest Gains, Bitcoin Nears Record High

Oct 21, 2021 08:10 IST capital market

Gold futures recorded decent gains as the US dollar index fell near a one month low yet again and traders eyed vibrant Indian festive season buying. Gains were capped for the metal though as Bitcoin neared its previous record high of $65000. The leading global cryptocurrency jumped as optimism over the outlook on the crypto has been boosted by the launch of the first futures-based Bitcoin ETF on Tuesday. Gold currently trades up marginally at $1786 per ounce mark. MCX Gold ended at Rs 47488 per 10 grams, up 0.44% on the day.

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