New Delhi: Gold and silver prices will be affected this week by the expectation of the Coronavirus vaccine and the US stimulus package. Today, the futures price of gold has seen an increase in Indian markets, while silver has become cheaper. On the Multi Commodity Exchange (MCX), the futures price of gold has increased by 0.15 per cent to Rs 49271 per 10 grams, while the rate of silver has fallen 0.2 per cent to Rs 63684 per kg.

In the previous session, gold futures fell by 0.2 per cent to Rs 49,209 per 10 grams, while silver closed with an increase of 0.3 per cent. However, gold gained nearly Rs 1,200 per 10 grams during the week. Gold in India was at a high of 56,200 in the futures market in August. At present, the price is less than Rs. 7000. Gold traders will be waiting for the outcome of the policy decision of the European Central Bank later this week.

Spot gold in the global market today remained flat at $ 1,837 an ounce. Let us tell you that the UK is going to be the first country to roll out the Pfizer / BioNTech Corona vaccine this week which can also affect the prices of gold and silver.

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