Gold climbs over 1% as coronavirus worries deepen

Gold price advanced over 1 per cent in Monday’s early trade as widening coronavirus outbreak and plunging crude oil prices hammered equities and sent investors scurrying for safe havens.

MCX Gold futures traded 1.27 per cent, Rs 560, higher at Rs 44,718 per 10 gram at around 9.15 am (IST). On the other hand, MCX Silver futures were down 0.09 per cent, or Rs 44, at Rs 46,925 per 1 kg.

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