COMEX Gold futures slipped to a one week low of $1940 per ounce in last session amid continued recovery in US equities. However, some weakness in the US dollar index capped losses and the metal currently quotes at 1955 per ounce, almost unchanged on the day. The Russia-Ukraine war continues to offer good support to Gold though worries over retail demand in India stay in place. MCX Gold ended at Rs 52627 per 10 grams, down marginally on the day after breaking under Rs 53k mark.
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