Weakness in equities is capping downside in Gold. Asian markets slipped sharply. European stock markets extended losses with major indices sliding around 1%. The US stocks slumped with the tech-heavy Nasdaq plunging to its lowest closing level in well over a year. Bitcoin also fell sharply and overall risk aversion is supporting Gold now. Gold is currently trading $1883 per ounce, up 0.41% on the day. MCX Gold futures are currently trading at Rs 51282 per 10 grams, up 0.75% on the day.Powered by Commodity Insights
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