Gold stayed supported in volatile trades yesterday as escalating tensions between Russia and Ukraine hurt the global equities and risk aversion. The stock markets moved sharply lower during trading on Tuesday. The Dow tanked to an eight-month closing low. Gold hit highs above $1910 per ounce but gains were capped by the strength in the US Dollar index. The dollar index stabilized above 96 mark. Gold currently trades flat at $1901 per ounce. Traders also eyed a wild fall in Bitcoin as the leading cryptocurrency fell to a three week low of $36400 before witnessing some buying. MCX Gold futures closed at Rs 50389 per 10 grams, up 0.62% on the day after hitting a high near Rs 50700 mark in intraday moves.
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