BusinessGold, Silver Futures Turn Flat, Still Near Record Highs Amid Rising COVID-19 Cases
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Gold, Silver Futures Turn Flat, Still Near Record Highs Amid Rising COVID-19 Cases
MCX gold, silver futures touch Rs 56,191, Rs 77,949 respectively
Global spot precious metal rates halted a record-breaking rally
Demand for dollar, often seen as rival safe-haven, rose on US-China spat
MCX gold and silver futures climbed to record Rs 56,191 and Rs 77,949 respectively on Friday
Domestic gold and silver futures clocked new record highs on Friday, tracking gains in previous metal rates which hovered near all-time highs amid concerns about rising COVID-19 cases and on the US-China trade front. Multi Commodity Exchange gold futures rose as much as 0.62 per cent to touch the Rs 56,191 mark, whereas silver futures jumped 2.49 per cent to Rs 77,949 during the session. However, both contracts gave up their entire i...