Gold prices on Friday went up marginally by Rs 10 per 10 gram even as buyers are still waiting for prices to come down, something which has not happened since the beginning of this month.
Even the beginning of the new financial year and Navratri season has failed to bring any cheer for buyers as despite the rising second wave of Corona virus, the demand for the yellow metal has only gone up owing to the onset of the wedding season.
Gold price today in Mumbai is Rs 44,860 for 22-carat, and Rs 47,600 for 24-carat. In Delhi, gold price on Friday is Rs 45,860 for 22-carat, and Rs 50,030 for 24-carat.
Gold held steady near a more than one-month high on Friday, en route to its second straight weekly gain, boosted by a drop in U.S. Treasury yields and a weaker dollar.
Spot gold was up 0.1 per cent at $1,764.13 per ounce by 0435 GMT, after hitting its highest since Feb.26 at $1769.37 on Thursday. Bullion is up more than 1 per cent so far this week.
Meanwhile, silver future prices fell marginally to Rs 68,372/Kg on the Multi Commodity Exchange.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
