MCX Gold Rises Half A Percent

23 Mar 2022 , 05:41 PM

COMEX Gold futures recorded some gains today but overall mood in the commodity remained choppy after the recent correction. Traders are closely assessing the risk appetite in the global markets and escalation in the Russia-Ukraine war remains in focus. The commodity currently trades at $1930 per ounce, up 0.48% on the day. MCX Gold futures are trading at Rs 51634 per 10 grams, up 0.50% on the day. Meanwhile, Asian stocks mostly rose today. Chinese benchmark Shanghai Composite index added 0.34%. Hong Kongs Hang Seng jumped 1.29%. Japanese Nikkei index jumped 3% as weak Yen boosted the sentiments. European markets saw mixed movement. German DAX index edged down 0.30% while UKs FTSE index increased by a similar amount. The US stocks carved out steady gains amid a decent pick up in risk appetite.

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