INSUBCONTINENT EXCLUSIVE:
Current Gold Price In India: MCX gold futures held the Rs 49,150/10 grams mark on July 9Gold Rate In India: Domestic gold futures ended a
volatile session on Thursday nearly unchanged, but manged to hold the Rs 49,150 per 10 grams mark as international spot gold stood steady
jewellery on Thursday was at Rs 49,239 per 10 grams, and silver at Rs 51,220 per kilogram - both excluding GST
session, on growing fears that rising COVID-19 cases could delay a global economic recovery
Spot gold was last seen trading little changed at $1,809.19 per ounce, a day after it rose to $1,817.71 per ounce - its highest since
continuing a rally after a day's halt following five straight days of gains
The Sensex ended 408.68 points higher at 36,737.69, and the Nifty settled at 10,813.45, up 107.70 points from its previous close
Both indices clocked their highest closing levels recorded since March 6.What Analysts Say On Current Gold Rate"MCX gold (August 5) hit a
record high level of Rs.49,348 per 10 grams
Gold has benefitted from safe-haven buying amid increasing nervousness about rising virus cases in US and worldwide, and increased US-China
tensions," said Ravindra Rao, VP-head commodity research, Kotak Securities."Gold may continue to trade with a positive bias amid increasing
challenge from rising COVID-19 risks and US-China tensions," he added.
