COMEX Gold futures melted today, sliding around 4% amid speculations the US Federal Reserve might receive a more hawkish chair. Hefty profit selling was seen after the counter hit a fresh record high of $5626 per ounce in last session. The metal is still on track for its greatest monthly gain since 1982 as investors rushed to the safe haven amid persisting geopolitical and economic concerns. COMEX Gold futures are currently trading at $5151 per ounce, down 3.80% on the day. Gold has rallied around 80% in last one month. Latest data is reflecting some concerns over retail buying as total global gold jewellery fabrication demand dropped around 19% on year to 1638 tonnes in 2025. MCX Gold is also witnessing intense volatility after opening sharply lower and currently trades down 6% at Rs 172925 per 10 grams. Intraday gains above Rs 180000 per 10 grams mark earlier in the day evaporated quickly.
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