COMEX Gold witnessed selling pressure around $1950 per ounce amid firm cues from equities. The metal fell around 1% on COMEX in last session, closing at $1921 per ounce. Not much of clarity is emerging on how the ongoing Russia-Ukraine war will play out in near term though worries over escalation in violence will likely cap downside in Gold. The latest spurt in WTI Crude oil futures above $100 will also augur well for the commodity. MCX Gold futures closed at Rs 51745 per 10 grams in last session, down 0.33% on the day.
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