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As on: Oct 27, 2020 07:43 PM
COMEX Gold Continues To See Buying Above $1900 Mark Despite Tepid Indian Imports
16-Oct-20   18:06 Hrs IST
COMEX Gold futures extended gains today despite a weak Indian imports data. India's Gold imports stood at Rs 4419 crores in September 2020, down 51.43% compared to September 2019. Gold imports in April-August 2020 are down by 54% at Rs 50657 crore. Gold imports also crashed compared to Rs 27647 crore in August. The commodity has been rising after testing a one week low and saw good buying above $1900 per ounce mark. COMEX Gold is eyeing uncertainties on the US fiscal front and worries over rising Covid-19 cases in Europe. Sliding US dollar is also benefitting the metal. COMEX Gold futures are currently trading at $1912 per ounce, up 0.19% on the day. MCX Gold futures are trading at Rs 50700 per 10 grams, almost unchanged on the day.

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