Gold continued its record-breaking run in Indian markets with prices today hitting yet another high. On MCX, October gold futures were up 0.2% to ₹53,865 per 10 gram. Silver futures on MCX also advanced 0.18% to ₹65,865 per kg. In the previous session, gold prices had risen 0.5% or ₹267 per 10 gram while silver had surged 1.2% or ₹800 per kg. Gold had hit an intraday high of ₹53,845 per 10 gram in the previous session.
In global markets, spot gold was steady at $1,976.36 per ounce, $8.30 shy of the all-time high hit in the previous session. Concerns over the impact to global economy from mounting COVID-19 cases offset pressure from a rebound in the US dollar.
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