COMEX Gold futures soared further today, breaking well above $4200 per ounce to hit a fresh record high of $4255 per ounce as global trade uncertainties offered excellent support to the metal. The counter currently trades at $4239 per ounce, up 0.90% on the day and is up around 10% this month. US dollar index has slipped to one week low of 98.40 and is keeping precious metals well supported. Indian demand is holding steady around peak festive season with the latest spike in Indian Rupee triggering some respite on domestic quotes despite frenzied upmove in global prices. MCX Gold futures are currently trading at Rs 127953 per 10 grams, up 0.52% on the day after hitting a high near Rs 128400 mark.

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