Usa India travelers Health Usa India

Gold prices today jump as covid concerns boosts demand for yellow metal

Reading now: 733
www.livemint.com

gold futures were up 1.4% to ₹48,073 per 10 gram while silver futures jumped 0.4% to ₹63420 per kg. Despite today's surge gold is down about ₹1,200 per 10 gram from this month's high as fears of earlier-than-expected tightening of US monetary policy weighed on the precious metal.

On global markets, spot gold jumped 1% to $1,805.56 per ounce. Further aiding gold's climb, the dollar index eased 0.2% from a 16-month peak scaled earlier this week, while US benchmark 10-year Treasury yields also weakened.

A weaker dollar reduces gold's cost to buyers holding other currencies. Among other precious metals spot silver was steady at $23.57 per ounce while platinum fell 1.2% to $983.22.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News