Mumbai, Feb. 26 -- COMEX Gold futures slumped yesterday as the metal continued to see some resistance around record highs near $2970 per ounce. It seems that the key psychological barrier of $3000 per ounce is weighing heavily on the collective price action. The counter lost 1.50% yesterday and fell to a one and half week low of $2897 per ounce before witnessing some recovery. It currently trades up 0.30% at $2926 per ounce. On the MCX, Gold futures for April ended down marginally on the day at Rs 85619 after losing around Rs 1000 per 10 grams in intraday moves. The counter should see a cautious opening though deep losses in INR this week will mostly push up the prices if Gold holds up in global markets.
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