(LiveMint)
Gold prices in India today extended gains, hitting a new high amid a global rally. On MCX, August gold futures rose 0.7% to ₹48,289 per 10 gram. Tracking gold, silver also posted strong gains. July silver futures on MCX rose 1.2% to ₹49,190 per kg. Gold and silver prices had surged 1.2% and 1.5% in the previous session.
In global markets, gold prices today hit a one-month high as a surge in coronavirus cases dented investor sentiment towards riskier assets. Worries about a delay in global economic recovery prompted investors to seek the safe-haven metal. Spot gold was up 0.4% at $1,749.54 per ounce after earlier hitting $1,751 during the session. US gold futures jumped 0.6% to $1,763.80 per ounce. Among other precious metals, silver gained 1% to $17.78 and platinum climbed 0.7% to $811.10.
