New Delhi: Gold and silver were trading close to the flatline as cautious traders waited on the sidelines before taking any bets amid hopes of swift recovery in economic conditions, however, fast rising coronavirus cases are keeping them in check.
Gold futures were down 0.04 per cent or Rs 21 at Rs 49,138 per 10 grams. Silver futures gained 0.11 per cent or Rs 57 to Rs 51,439 per kg. Gold in the national capital on Wednesday rallied Rs 723 to Rs 49,898 per 10 gram reflecting gains in the international prices of the precious metal and rupee depreciation, according to HDFC Securities. Silver, however, declined Rs 104 to Rs 50,416 per kg.
Globally, gold held steady above the key $1,800/oz level on Thursday, as worries over mounting coronavirus cases offset hopes of a swift global economic recovery…
