Gold costs on Friday rose by Rs 241 to Rs 50,425 per 10 gram within the nationwide capital on pageant shopping for on account of the auspicious event of Dhanteras and Diwali, in response to HDFC Securities. The dear steel had closed at Rs 50,184 per 10 gram within the earlier commerce.
Silver additionally gained Rs 161 to Rs 62,542 per kg, in contrast with Rs 62,381 per kg on Thursday, in response to HDFC Securities.
Dhanteras is an auspicious day for getting gold, silver and different valuables.
Within the world market, gold was buying and selling with features at USD 1,880 per ounce and silver was flat at USD 24.32 per ounce.
Navneet Damani, vice-president (commodities analysis) at Motilal Oswal Monetary Companies, mentioned “Gold costs traded regular, as fears of an financial influence as a result of surge in world instances of COVID-19 countered optimism from improvement in a possible vaccine.”
He added that there’s a lot of panic out there as coronavirus instances in lots of states of the US have doubled, elevating the bets for safe-haven steel.
(With inputs from PTI)