COMEX Gold futures are staying well supported, building onto the gains seen in last week. The metal soared last week, breaking well above $4000 per ounce to hit a fresh record high near $4400 per ounce as global trade uncertainties offered excellent support to the metal. Indian retail demand is in focus amid the Diwali week as spot prices have reached around Rs 130000 per 10-gram mark now while the metal averaged around Rs 75000 per 10 grams one year ago. India's Gold imports stood at Rs 84926 crore in value terms in September 2025, spiking around 118% compared to September 2024. Gold is looking well supported on worries over an asset price bubble and uncertain US trade scenario. The metal currently trades at $4268 per ounce, up 1.30% on the day. MCX Gold trade at Rs 127752 per 10 grams, up 0.59% on the day.

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