World coronavirus circumstances continued to climb, with British Prime Minister Boris Johnson hinting at more durable lockdown restrictions, whereas Japan thought-about declaring a state of emergency for capital Tokyo and surrounding areas.
Gold futures on MCX have been up 1.23 per cent or Rs 616 at Rs 50,860 per 10 grams. Silver futures added 2.21 per cent or Rs 1,504 to Rs 69,627 per kg.
The greenback index remained weaker in opposition to rivals on Monday, making gold cheaper for holders of different currencies.
Within the spot market, Gold was marginally down Rs 20 to Rs 49,678 per 10 gram within the nationwide capital on Friday, in response to HDFC Securities. Silver additionally declined Rs 404 to Rs 67,520 per kilogram.
Globally, gold costs climbed to their highest in eight weeks on Monday, holding above $1,900, as world COVID-19 circumstances spiked and international locations pushed for extra lockdowns regardless of vaccine rollouts.
Spot gold rose 0.eight per cent to $1,912.71 per ounce by 0102 GMT, its highest since Nov. 9, whereas U.S. gold futures climbed 1.1 per cent to $1,916.40.
SPDR Gold Belief , the world’s largest gold-backed exchange-traded fund, stated its holdings rose 0.08 per cent to 1,170.74 tonnes on Thursday.
Bodily gold demand remained largely muted throughout prime Asian hubs final week as holidays stored patrons at bay.
Silver gained 2.four per cent to $26.98 an oz. Platinum gained 0.6 per cent to $1,075.15 and palladium rose 0.6 per cent at $2,461.95.