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As on : 21-Mar-2025
Other Markets - Bullion Markets
21-Mar-2025     13:17

COMEX Gold wavers around $3040 per ounce

COMEX Gold futures slipped from record highs but stayed well supported after the recent break above $3000 per ounce put in a different trajectory altogether. Geopolitical worries continue to linger and the metal trades at $3038 per ounce, down 0.20% on the day tracking mild uptick in the US dollar index that has come off its five month low after the US Federal Reserve left interest rates unchanged, reaffirming projections for two rate cuts in 2025. MCX Gold futures edged up 0.12% at Rs 88706 per 10 grams in last session amid high intraday volatility and currently quote at Rs 88225 per 10 grams, down 0.54% on the day. A sustained bout of strength in the Indian Rupee led to accelerated losses for local Gold futures. INR currently quotes at 86.05 per US dollar, hitting near two month high.

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