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NEW DELHI: Gold and silver prices gained in Monday’s trade ahead of the US Federal Reserve’s policy meet while record jump in Covid-19 cases also helped the demand of bullion counters.
The World Health Organization reported a record one-day increase in global COVID-19 cases on Sunday, with the total rising by 307,930 in 24 hours.
Gold futures on MCX were up 0.35 per cent or Rs 179 at Rs 51,498 per 10 grams. Silver futures rose 0.37 per cent or Rs 252 to Rs 68,180 per kg.
Gold prices went down by Rs 191 to Rs 52,452 per 10 grams on Friday in the national capital amid tepid international trends, according to HDFC Securities. Silver also declined Rs 990 to Rs 69,441 per kg.
Globally, gold prices were flat as investors maintained a cautious approach ahead of the US Federal Reserve's monetary policy decision this week and as optimism around a potential COVID-19 vaccine lifted appetite for riskier assets.
Spot gold was mostly unchanged at $1,941.11 per ounce by 0042 GMT. US gold futures were also steady at $1,948.30.
Physical gold dealers in India were forced to offer discounts for a fourth straight week as bullion remained unattractive for most retail consumers.
Speculators increased their net long position in gold by 3,608 contracts to 154,629 in the week ended Sept. 8.
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.4 per cent to 1,248.00 tonnes on Friday.
Silver fell 0.3 per cent to $26.68 per ounce, platinum gained 0.4 per cent to $928.61, while palladium was steady at $2,321.43.
The World Health Organization reported a record one-day increase in global COVID-19 cases on Sunday, with the total rising by 307,930 in 24 hours.
Gold futures on MCX were up 0.35 per cent or Rs 179 at Rs 51,498 per 10 grams. Silver futures rose 0.37 per cent or Rs 252 to Rs 68,180 per kg.
Gold prices went down by Rs 191 to Rs 52,452 per 10 grams on Friday in the national capital amid tepid international trends, according to HDFC Securities. Silver also declined Rs 990 to Rs 69,441 per kg.
Globally, gold prices were flat as investors maintained a cautious approach ahead of the US Federal Reserve's monetary policy decision this week and as optimism around a potential COVID-19 vaccine lifted appetite for riskier assets.
Spot gold was mostly unchanged at $1,941.11 per ounce by 0042 GMT. US gold futures were also steady at $1,948.30.
Physical gold dealers in India were forced to offer discounts for a fourth straight week as bullion remained unattractive for most retail consumers.
Speculators increased their net long position in gold by 3,608 contracts to 154,629 in the week ended Sept. 8.
SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.4 per cent to 1,248.00 tonnes on Friday.
Silver fell 0.3 per cent to $26.68 per ounce, platinum gained 0.4 per cent to $928.61, while palladium was steady at $2,321.43.