Gold Prices Today Rise

Bullion counters gained in the opening trade on Thursday as investors rushed to safe haven counters following an increase in new coronavirus cases outside of China.

The number of new infections inside China – the source of the outbreak – was for the first time overtaken by fresh cases elsewhere on Wednesday, with Italy and Iran emerging as epicentres of the rapidly spreading illness.

Italy has reported more than 400 cases and Iran has reported only 139 cases, but epidemiologists say the true number of cases must be many times higher.

Gold futures gained 0.34 per cent or Rs 146 to Rs 42,650 per 10 grams while silver futures edged 0.61 per cent or Rs 282 to Rs 46,858 per kg.

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