Gold and Silver price are hitting high. With businesses shut in several cities in India amid the rising threat of coronavirus, there is a clear risk-off environment in the market. The number of active cases is near the mark of 5,000, as per the government data.
Gold futures were up 3.44 percent or Rs 1,504 to Rs 45,226 per 10 grams at around 9.15 am. It scaled an all-time high of Rs 45,724 at the open.
Silver futures were up 5.37 percent or Rs 2,212 to Rs 43,435 per kg.
Globally, the gold rate eased from a four-week high on Tuesday, as the US dollar and global equities strengthened on signs of a slowdown in coronavirus-related deaths.
Spot gold was down 0.2 percent at $1,657.67 per ounce, as of 0110 GMT, after rising to a four-week high earlier in the session
Silver edged up 0.1 percent to $14.99 an ounce, having touched a more than three-week high earlier in the session.
