Gold futures prices were up 0.49 per cent to Rs 40,169 per 10 grams, while silver futures were up 0.49 per cent at Rs 45,755 per kg.
- Precious Metals Slip: The Real Reason Behind Gold and Silver’s Price Drop
- Gold Rate Today: अमेरिका में मचा हड़कंप! 100 साल में पहली बार ऐसा उछाल, लोगों के उड़े होश
- Stocks Bounce Back as Gold Loses Shine Amid Renewed Investor Confidence
- Euro Struggles: EUR/USD Slides as Dollar Strengthens Again
- HDFC & ICICI banks go slow on retail loans
Gold prices inched up on Wednesday after a sharp drop in the previoussession. Spot gold was up 0.2 per cent to $1,555.41 per ounce by 0050 GMT. Prices declined over 1.5 per cent on Tuesday to their lowest since January 21 at $1,548.70. US gold futures rose 0.2 per cent to $1,558.40.
Bullion counters gained in domestic market on Wednesday after worries over the outbreak of coronavirus intensified as the death toll neared 500.
The coronavirus outbreak claimed its first life in Hong Kong, compounding the international financial centre’s problems after anti-government protests, and Macau, the world’s biggest gambling playground, urged casinos to shut their doors.