Gold zooms by Rs 2,000 in a week on coronavirus, silver up marginally

But the market is subdued with consumers making ony need-based purchases, such as for marriages

The yellow metal witnessed a rally at Mumbai’s physical market on Friday with standard gold (995) closing over 2.4 per cent at Rs 44,237 per 10 gram, which is Rs 1,236 higher than Thursday’s rate. The yellow metal has seen a Rs 2, 000 jump this week and over Rs 3,000 surge in the last two weeks. 

After the 3 per cent goods and services tax (GST), price of the yellow metal crossed the Rs 45,000-mark on Friday. Silver went up over 2 per cent to close at Rs 47,125 per kg.

Gold has also been unshaken internationally by the coronavirus outbreak,