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Gold prices flat amid mixed cues; silver rises


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Gold prices flat amid mixed cues; silver rises

Surging Covid-19 cases also boosted the dollar, making gold more expensive for holders of other currencies.ETMarkets.com|Last Updated: Jul 10, 2020, 09.48 AM ISTGlobally, gold was set for a fifth straight weekly gain on Friday as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.NEW DELHI: Silver gained…

Surging Covid-19 cases also boosted the greenback, making gold more costly for holders of alternative currencies.

ETMarkets.com|

Final Updated: Jul 10, 2020, 09.48 AM IST

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Globally, gold used to be location for a fifth straight weekly invent on Friday as worries over a spike in U.S. coronavirus cases saved the safe-haven metal come the technical $1,800-per-ounce threshold.

NEW DELHI: Silver obtained whereas gold used to be procuring and selling end to the flatline as cautious traders waited for obvious alerts before taking of project as equities are racing forward on hopes of swift recovery in financial stipulations however rising Covid cases are restful a anguish.

India has reported 7.9 lakh cases of Covid-19 till now, the third highest on this planet, with over 21,600 deaths. The US reported better than 60,000 recent cases on Wednesday, the biggest one-day enhance by any nation since the pandemic emerged in China final year.

Gold futures have been down 0.01 per cent or Rs 3 at Rs 48,875 per 10 grams. Silver futures obtained 0.25 per cent or Rs 126 to Rs 51,217 per kg.

Gold costs rose by Rs 232 to Rs 50,184 per 10 gram within the national capital on Thursday, in line with features in global price of the dear metal, in line with HDFC Securities. Silver also obtained Rs 1,275 to Rs 52,930 per kg.

Globally, gold used to be location for a fifth straight weekly invent on Friday as worries over a spike in U.S. coronavirus cases saved the safe-haven metal come the technical $1,800-per-ounce threshold.

Space gold used to be microscopic modified at $1,801.47 per ounce by 0249 GMT, up nearly 1.5 per cent for the week. U.S. gold futures rose 0.2 per cent to $1,806.80.

Surging Covid-19 cases also boosted the greenback, making gold more costly for holders of alternative currencies.

SPDR Gold Have faith, the sphere’s finest gold-backed replace-traded fund, mentioned its holdings slipped 0.15 per cent to 1,200.82 tonnes on Thursday.

Palladium fell 0.2 per cent to $1,938.30 per ounce, platinum declined 1 per cent to $825.09, and silver slipped 0.4 per cent to $18.60.

(What’s shifting Sensex and Nifty Observe most modern market news, inventory programs and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For quickest news alerts on monetary markets, investment solutions and shares alerts, subscribe to our Telegram feeds.)

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