Gold prices in India continued their recent upward trend while silver also extended gains. On MCX, gold futures rose 0.3% to five-month high of ₹54,006 per 10 gram, buoyed by firm global rates. Silver futures jumped 0.8% to ₹66,970 per kg. In global markets, gold rose to a five-month high as Chinese cities relaxed COVID-19 restrictions over the weekend. Spot gold gained past $1,800 per ounce, also supported by a pullback in US dollar. China is the biggest consumer of gold and scaling back of restrictions mean that gold demand will increase in the region, say analysts
Gold Prices Jump To Highest In 5 Months
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