Gold Garners Good Gains, MCX Futures Hold Above Rs 53K

30 Nov 2022 , 02:46 PM

Gold garnered good gains today, rising amid mostly positive risk appetite as markets eyed easing restrictions in China and hoped that the retail Gold demand from Chinese consumers will pick up over the coming weeks. The central Chinese city of Zhengzhou, home to the worlds largest iPhone factory, has lifted a five-day Covid lockdown. This is keeping the overall risk sentiments positive and has pulled the US dollar index under 106 mark. COMEX Gold futures were buoyed following this and currently trade at $1773 per ounce, up 0.52% on the day. These are the highest levels in last one week. MCX Gold futures also edged up in tune with the global cues, holding above Rs 53000 per 10 grams and currently trade at Rs 53083, up 0.19% on the day.Powered by Commodity Insights