New Delhi: Gold in the bullion market rose by Rs 300 to Rs 41,370 per ten grams on Thursday and silver by Rs 106 to Rs 47,306 per kg due to improvement in local demand amid weakness in both precious metals abroad. Has arrived. According to information received from London and New York, the gold spot has fallen by $ 5.05 to $ 1,555.95 an ounce.

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February gold futures also fell by $ 1.50 to $ 1,555.20 an ounce. Market analysts said the yellow metal was under pressure due to investors' cautiousness ahead of the European Central Bank's statement on policy rates. However, because of the outbreak of Novel Coronavirus in China, the attractiveness of gold as a safe investment has not diminished, making it above $ 1,550.

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Silver spot fell by $ 0.15 to $ 17.69 an ounce. Gold rose sharply today after Wednesday's weakening of Rs 400 in the local market. Gold Standard gained Rs 300 to Rs 41,370 per ten grams. Sona bitur also remained at the same level of Rs 41,200 per ten grams. Sovereign held at Rs 30,800 per piece of eight grams. Silver spot gained Rs 106 to Rs 47,306 per kg.

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