MCX Gold futures moved up impressively today, recovering after testing near Rs 50300 per 10 grams mark on firm global cues as the market eyed good buying support amid lax US dollar index and mixed equities globally. Asian stocks saw mixed moves on concerns over strict COVID-10 lockdowns and waning confidence in Chinas property market. European stocks saw cautious moves ahead of the weekend. The US equities saw significant volatility but managed to end around one month high amid sustained buying support. COMEX Gold futures are trading at $1723 per ounce, up 0.57% on the day. MCX Gold futures are trading at Rs 50648 per 10 grams, up 0.54% on the day. Powered by Commodity Insights
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