INSUBCONTINENT EXCLUSIVE:
Gold and silver prices are in a long-term uptrend due to uncertainty around COVID-19, say analystsGold Price In India: Domestic gold prices
eased on Thursday amid strength in equity markets on Thursday, despite weakness in the dollar, which makes the yellow metal cheaper for
those dealing in other currencies
Multi Commodity Exchange (MCX) gold futures (due for expiry on December 5) dropped by Rs 214 - or 0.43 per cent - to Rs 50,120 at the
weakest level recorded during the session, whereas silver futures (December 4) gained by as much as Rs 878 - or 1.47 per cent - to Rs 60,797
dollar and increased investor confidence that there will be further US fiscal stimulus measures to aid the virus-beaten economy.Comex gold
rose 0.53 per cent to $1,905.60 per ounce at the strongest level of the day, whereas silver climbed up 2.17 per cent to $24 per ounce.The
Run" May Continue: Analysts)Gold has been one of the most consistent gainers through the six months of coronavirus pandemic-led turmoil in
financial markets.What Analysts Say"Gold witnessed a sharp rebound after taking support near $1,850/oz but its price is struggling to hold
above the key $1,900/oz level
Securities."Gold has retreated after testing the $1,900/oz level and while choppy trade is likely the general weakness in US dollar may
