Gold Dips Near $1750 Mark

22 Aug 2022 , 01:30 PM

Gold futures slipped sharply today, sliding near six week low as firm US dollar capped the upmove in the commodity. The metal currently trades down 0.69% at $1750 per ounce. Gold is also eyeing weakness in other commodities like crude oil and copper and is extending losses after breaking under $1800 per ounce mark. Gold demand in India is looking good ahead of the festive season though there are recurring worries over the Chinese retail Gold buying as the leading consuming nation struggles with a banking crisis. MCX Gold futures are trading at Rs 51181 per 10 grams, down 0.58% on the day. Dollar index is holding above 108 mark, capping commodities broadly. Powered by Commodity Insights