Gold prices this day trail as traders e book profit

Self-discipline gold markets remained shut attributable to the lockdown to discontinuance spread of COVID-19, in response to HDFC Securities.

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Final Up up to now: Apr 17, 2020, 01.21 PM IST

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Self-discipline gold eased 0.1 per cent to $1,716.56 per ounce by 0045 GMT. U.S. gold futures slipped 0.1 per cent to $1,730.30.

NEW DELHI: Bullion counters slipped on Friday as traders most well liked to e book profits at high ranges at the same time as coronavirus cases in India continued to upward thrust and an extension in lockdown raised recession fears.

Traders are keenly staring at the risk as exercise out businesses are space to begin up from Monday. A glitch free resumption can take investor sentiments. The replacement of reported coronavirus cases had been at 12,759, as per the government details.

Gold futures had been down 1.95 per cent or Rs 923 to Rs 46,335 per 10 grams. Silver futures fell 1.65 per cent or Rs 729 to Rs 43,526 per kg.

Self-discipline gold markets remained shut attributable to the lockdown to discontinuance spread of COVID-19, in response to HDFC Securities.

Globally, Gold rate inched lower on Friday as Asian equities confirmed signs of a rebound, however fears of a steep world recession attributable to the coronavirus pandemic restricted a fall within the metallic’s designate, striking it heading within the correct direction for its second straight weekly designate.

Self-discipline gold eased 0.1 per cent to $1,716.56 per ounce by 0045 GMT. U.S. gold futures slipped 0.1 per cent to $1,730.30.

The metallic used to be up about 1.6 per cent for the week up to now, heading within the correct direction to put up its second consecutive weekly designate.

Palladium rose 1.7 per cent to $2,190.78 per ounce and platinum received 0.4 per cent to $786.30, while silver fell 0.7 per cent to $15.51.

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