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GOLD WELL SUPPORTED AROUND ONE-MONTH HIGH

Published on Apr 16, 2026 17:47

COMEX Gold futures are stable around one-month high after IMF stated in its latest Global Financial Stability report that global financial stability risks are elevated and the global financial system is confronting the ongoing war in the Middle East. Gold is currently trading at $4844 per ounce, up 0.44% on the day after nearing $4900 per ounce mark in last session. The commodity has gained more than 1% this week and is showing some signs of exhaustion amid rising equities. Indian Gold demand trends are also reflecting some weakness. MCX Gold futures are currently trading at Rs 154367 per 10 grams, up 0.27% on the day after almost hitting Rs 155000 per 10 grams mark in early moves.