New Delhi: Gold prices Monday indicated signs of recovery, with rates correcting from 9-month lows. In the recent development, as a passage of the long awaited $1.9 trillion U.S. coronavirus relief package boosted the metal`s appeal.
Spot gold rose 0.3% to $1,705.62 per ounce by 0041 GMT, after hitting its lowest since June 8 at $1,686.40 on Friday. U.S. gold futures climbed 0.3% to $1,703. Further supporting bullion, U.S. 10-year yields held below a one-year peak hit on Friday, while the dollar eased, a Reuters report said.
Gold prices on Friday tumbled by Rs 522 to Rs 43,887 per 10 grams in the national capital, due to muted trend in the international markets. The precious metal had closed at Rs 44,409 per 10 grams in the previous trade.
Silver crashed by Rs 1,822 to Rs 64,805 per kilogram as compared with the close of Rs 66,627 per kg on Thursday.
(With Inputs from Agency)
