Gold Soars Amid Continued Worries Over Risk Appetite, All Eyes On Ukraine

28 Feb 2022 , 12:00 PM

COMEX Gold futures stayed well supported amid intense battle raging in parts of Ukraine. Global risk aversion was hit yet again after a rebound on Friday and COMEX Gold recaptured the $1900 per ounce territory. The commodity currently trades at $1912 per ounce, up 1.29% on the day. MCX Gold futures are trading at Rs 51000 per 10 grams, up 1.55% on the day after hitting a high above Rs 51200 per 10 grams. The stock markets fell in volatile trades as the EU is taking the unprecedented step of sending arms to Ukraine and is also closing its airspace to Russian aircrafts. While there are media reports of both the countries deciding to hold talks for negotiation after four days of intense fighting and an unprecedented level of tensions of geo-political space globally.

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