Gold and silver gained on Thursday as investors moved to safe havens on worries over rising crude oil prices and the impact of coronavirus making riskier assets unattractive.
Brent crude futures were up 45 cents, or 0.8 per cent, to $59.57 a barrel. The international benchmark rose 2.4 per cent on Wednesday. A dearer oil can hurt India’s fiscal maths as the country is heavily dependent on imports to meet its petroleum needs.
Gold futures were up 0.31 per cent to Rs 41,714 per 10 grams, trading close to life highs. Silver futures were up 0.59 per cent to Rs 47,850 per kg.
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