On Wednesday evening, there has been a spurt in gold futures prices in business time. On Wednesday evening of April 3, 2020, the futures price of gold was rising by 1.96% or Rs 811 on the MCX exchange at Rs 42,190 per 10 grams. The futures price of gold on June 5, 2020 was currently trending at Rs 42,750 per 10 grams with an increase of 1.53% or Rs 645.
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Due to Coronavirus, the entire lockdown of 21 days has started in the country from Wednesday. This lockdown has also directly affected industrial and business activities. The spot gold markets remained closed on Wednesday due to the lockdown across the country. HDFC Securities gave information about this. The spot bullion markets could not open even one day in this week. The central and state governments have announced a lockdown in the country to break the chain of infection of the Coronavirus (Covid-19).
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Talking about the international market, then on Wednesday, both gold and silver have appeared stable. Globally, gold was at $ 1,600 an ounce and silver at $ 14.28 an ounce on Wednesday. Talking about the price of silver in the futures market, it was also seen a slight rise in Wednesday evening. Silver futures of May 5, 2020 on MCX were seen trending at Rs 40,575 per kg with a gain of 0.13 percent or Rs 51 on Wednesday evening.