INSUBCONTINENT EXCLUSIVE:
Gold, Silver Rates: MCX gold and silver futures settled at Rs 51,720 and Rs 68,002 on FridayGold, Silver Price In India: Domestic gold
futures rose half a per cent on Friday tracking global spot prices of the yellow metal, amid a drop in global equities on remerging concerns
about the coronavirus pandemic
high as Rs 51,849 during the session
and a jump in coronavirus cases in Europe rattled sentiment
Typically, precious metal prices share an inverse relationship with capital markets, wherein any improvement in the risk appetite boosts
overshoot the US central bank's 2 per cent target
markets afloat during the coronavirus pandemic to managing what it now sees as a gradual recovery.Comex spot gold rose 0.63 per cent to end
at $1,962.10 per ounce, and silver edged 0.11 per cent higher to settle at $27.13 per ounce on Friday
has been one of the most consistent gainers through the six months of coronavirus pandemic-led turmoil in financial markets
(: Gold "Dream Run" May Continue: Analysts)What Analysts Say"Despite mixed trade in last few days, gold has continued to trade in a broad
range of $1,900-2,000/oz amid lack of fresh cues
The key event for this week was the central bank meetings, and while their general commitment towards continuing with accommodative monetary
Securities."Gold may remain choppy amid lack of clear cues and mixed trade in equities and US dollar however buying might re-merge at lower
