COMEX gold futures have risen on reports that Britain has detected a new variant of the coronavirus in contacts of cases who have traveled from South Africa. South Africa’s health department said last week that a new genetic mutation in the virus had been discovered. The product also observed a weak movement of the US dollar. Global ETF purchases appear to be stabilizing and local retail demand is also expected to see some uptick, with spot prices remaining around Rs 50,000 per 10 grams. The COMEX gold price is $ 1,879 per ounce, up 0.06% on the day. MCX gold futures closed at Rs 50,175 per 10 grams, up 0.19% on the day after testing lows below Rs 49,700 per 10 grams.
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