Finance
By: Shree1news, 13 NOV 2020
Gold costs on Friday rose by Rs 241 to Rs 50,425 per 10 gram within the national capital on festival buying on account of the auspicious event of Dhanteras and Diwali, according to HDFC Securities. The precious metal had closed at Rs 50,184 per 10 gram within the earlier trade.
Silver additionally gained Rs 161 to Rs 62,542 per kg, in contrast with Rs 62,381 per kg on Thursday, in line with HDFC Securities.
Dhanteras is an auspicious day for purchasing gold, silver and different valuables.
Within the global market, gold was buying and selling with good points at USD 1,880 per ounce and silver was flat at USD 24.32 per ounce.
Navneet Damani, vice-president (commodities analysis) at Motilal Oswal Financial Services, mentioned “Gold prices traded steady, as fears of an economic impact due to surge in global cases of COVID-19 countered optimism from development in a potential vaccine.”
He added that there’s a lot of panic available in the market as coronavirus cases in lots of states of the US have doubled, raising the bets for safe-haven metal.
Source: PTI
