Gold prices on international exchanges have been trending higher for past five sessions. The April contracts for
COMEX gold that was stuck in a narrow range of $50 for the past few sessions managed to breach the psychological
resistance of $1,600 per troy ounce to hit January 2020 high of $1,615.9 on February 20. Further, spot gold prices on
February 20 jumped to March 2013 high of $1612.98 and are up nearly 6 percent year-to-date.
On the domestic exchange, MCX April contracts for February 20 hit a record high of Rs 41,619 per 10 grams with
prices up more than 6 percent year-to-date.