COMEX Gold futures stayed supported after a drop under $1800 per ounce at the start of the New Year. The sustained selling pressure in Bitcoin, which lingers around $46000 mark is capping downside for Gold. The leading cryptocurrency has been under stress following the drop under $50000 level. Gold is also witnessing buying support on firm Indian demand trends. COMEX Gold futures are currently quoting at $1820 per ounce, up 0.27% on the day. MCX Gold futures are currently trading at Rs 47980 per 10 grams, up marginally on the day amid a volatile session as prices tanked near Rs 47850 mark before recovering. The US Dollar Index eased a little and currently quotes just above 96 mark.
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