Gold prices in India sold at a premium rate for the first time in more than two months on Friday. After falling to ₹46,330 on Tuesday, the lowest level gold prices have hit since April 9, local gold futures were up and trading around ₹47,400 per 10 gram. Nicholas Frappell, global general manager at ABC Bullion, told Reuters that the spread of the Delta variant of the coronavirus is supporting a rise in global gold prices. Gold prices in the national capital dipped by ₹264 to ₹45,783 per 10 gram on Wednesday, staying in line with global drop-in prices. Following weak global cues, gold prices in the national capital declined by ₹89 to ₹46,167 per 10 gram on Tuesday.

Source: Hindustan Times July 03, 2021 09:11 UTC