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Hot Commodities: MCX Gold Jumps Above Rs 51500 Mark As Safe Haven Demand Escalates

24 Feb 2022 , 12:10 PM

COMEX Gold futures surged today, breaking well above $1900 per ounce mark as possibility of a full fledged war between Russia and Ukraine raged on. Equities took a beating in Asia with Hang Seng losing more than 3% while Nikkei lost 1.8%. Shanghai Composite tumbled more than 2%. COMEX Gold futures are currently trading at 13 month high of $1941 per ounce, up 1.60% on the day. MCX Gold futures are trading at Rs 51547 per 10 grams, up 2.30% on the day.

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