COMEX Gold Wavers Around One Week High

Published on Mar 24, 2022 17:28

COMEX Gold futures are holding onto their recent gains though a firm US dollar index is capping upside. The situation in Ukraine appears to be grim as Russia continues to escalate its attacks on key cities. Gold has been witnessing steady buying amid this escalation in violence and volatile equities. Gold saw calm moves today after a near one percent surge in last session. COMEX Gold futures are trading at $1938 per ounce, up 0.10% on the day. The metal is lingering around one week high. Meanwhile, India imported 651.24 tonnes of gold in financial year 2020-21 as compared to 719.94 tonnes in the year-ago period, the government said on Wednesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Anupriya Patel said the imports stood at 982.71 tonnes in FY 2018-19.