Gold prices gained on Thursday following the trend in global markets amid lingering tensions between the US and China and riots in the States. The number of coronavirus patients also climbed swiftly in India.
Total number of Covid-19 patients in India reached 2.07 lakh while fatalities climbed to 5,800. Nomura said a collapse in demand is coming as households and companies vie for cash.
Gold futures were up 0.25 per cent or Rs 116 at Rs 46,124 per 10 grams. Silver futures slid 0.02 per cent or Rs 9 to Rs 48,445 per kg.
Gold prices gained from last session’s fall on lingering political tensions and a weaker dollar, but were still near their lowest in over a week as equities were set to extend their gains on economic optimism.