In global markets, gold prices jumped over 2% today to their highest in over seven years as a spike in coronavirus cases outside China pushed investors towards bullion, which is considered a safe-haven in times of uncertainty. Spot gold rates rose to as much as $1,678.58 an ounce.
The gold April futures were trading Rs 394 or 0.92 per cent higher at Rs 43,060 per 10 grams, while silver March futures were ruling at Rs 48,600 per kg, up Rs 296 or 0.61 per cent. US gold futures climbed a per cent to $1,665.1 an ounce. Spot gold jumped to a seven-year high of 1,678.58 after marking its biggest weekly gain last week since early August, as per the Reuters report.