INSUBCONTINENT EXCLUSIVE:
MCX gold futures rose as much as 5.68% to touch Rs 45,800 per 10 grams before cooling offGold Rate On April 3: Gold futures surged ahead of
tenth day of a 21-day lockdown to fight the spread of the coronavirus pandemic
MCX gold futures rose as much as 5.68 per cent - or Rs 2,443 per 10 grams - to touch Rs 45,800 per 10 grams on the upside in a brief jump in
morning, compared to their previous close of Rs 43,357 per 10 grams
The gold futures contract for (delivery on April 3) cooled off to settle with a gain of Rs 293 per 10 grams (0.68 per cent) at Rs 43,650 per
stood at Rs 43,936 per 10 grams and silver at Rs 40,310 per kilogram - both excluding Goods and Services Tax (GST).Gold jewellery prices
vary in different parts of India - the second largest consumer of the precious metal - due to factors such as excise duty, state taxes and
range ahead of US nonfarm payrolls data that could provide further clarity on the economic damage from the coronavirus.Spot gold was down
0.2 per cent at $1,609.42 per ounce by 1049 GMT (4:19 pm in India)
The metal has declined nearly 0.5 per cent so far this week, after an 8 per cent jump in the previous week.Domestic stock markets fell more
close.Commodity exchanges last week cut down trading hours, in a shift from the practice of allowing trading till midnight, in the wake of
US dollar index and some correction in crude oil after yesterday's rise
However, supporting price is disappointing US economic data, bleak growth forecasts, rise in ETF inflows and robust coin and bar sales in
