Domestic gold futures on Thursday, 2 July, dropped by way of handiest 0.51 percent with prices ultimate at Rs 48,020 consistent with 10 gram. At the same time, silver expenses have also dropped by means of 0.87 percentages to Rs 48,996 according to kg.
As situations in COVID-19 hotspots like United States of America and India deteriorate, investors had been leaning towards the safe-haven of the yellow metal.
The Centre on Monday, 29 June, announced recommendations for ‘Unlock 2’, which need to be implemented until 31 July.
The US dollar remained under pressure, making gold cheaper for holders of other currencies. On the other hand, global equity markets have edged up lately on expectations that economic recovery may continue amid record stimulus measures and easing of restrictions.
The fourth tranche of sovereign gold bonds of this fiscal (2020-21) opened for subscription on Monday and will remain open till July 10. The government is offering gold at ₹4,852 per gram while investors applying online and making payment through digital mode will get a discount of ₹50 per gram.