New Delhi: Gold in the bullion market on Saturday rose by Rs 400 to a record level of Rs 42,470 per ten grams due to the rise in yellow metal in the overseas market. In the global market, both the precious metals had gained in the latter business on Friday. Its impact was seen when the market opened here today.

According to information received from London and New York, gold spot gained $ 6.20 to $ 1,583.70 an ounce on the weekend. US gold futures for April also strengthened by $ 8.10 to $ 1,586.90 an ounce. Market analysts have pointed out that investor confidence in the capital market has been shaken due to the concern of Coronavirus 'COVID 19'. Therefore, they are turning to gold considered safe. Silverspot in the global market also rose by $ 0.10 to $ 17.73 an ounce.

In the local market, the gold standard rose by Rs 400 to a record level of Rs 42,470 per ten grams. Sona Bitur also sold at the same rate of Rs 42,300 per ten grams. Sovereign with eight grams remained at Rs 31,000. Silverspot also rose by Rs 400 to Rs 47,750 per kg. Silver futures rose by Rs 281 to Rs 46,227 per kg. Coin buying and selling were stable at Rs 970 and Rs 980 per unit, respectively, on the last day.

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