Commodities

Gold prices are on a record-breaking spree globally due to rising Covid-19 cases, simmering US-China tensions, expectations of a second stimulus announcement in the United States and decline in the dollar.

Petrol, Diesel Price: In Delhi, the price of petrol stood at Rs 80.43 per litre and diesel at Rs 73.56 per litre, while in Mumbai, petrol and diesel were priced at Rs 87.19 and Rs 80.11 per litre respectively.

The pause in LPG rates this month comes after a marginal increase each in June and July, which followed three straight months of reduction.

Typically, gold shares an inverse relationship with equities, and the safe-haven appeal of the precious metal rises with any sign of increased risk in equities.

While the prices of petrol in the metros have been steady for more than a month, diesel rates have been revised on many occasions.

Gold, Silver Price Today: At 4:36 pm, MCX gold futures quoted flat at Rs 55,830 while silver futures traded marginally lower at Rs 76,030.

Silver Price Today: At 11:17, the MCX silver futures contract quoted at Rs 76,520, up 0.62 per cent - or Rs 468 - from its previous close of Rs 76,052.

Gold Price Today: At 10:39 am, the MCX gold contract quoted at Rs 55,763, down Rs 82 - or 0.15 per cent - from its previous close.

Sovereign Gold Bond Scheme: A discount of Rs 50 per gram is available for online subscribers, aimed at promoting digital payments.

Surging COVID-19 cases in the United States have dampened hopes for a nascent economic recovery and weighed on rival safe-haven dollar. The greenback was headed for its seventh consecutive weekly decline.

Petrol, Diesel Price: While petrol prices have been steady for more than a month, diesel rates have been revised on many occasions.

Silver Price Today: The MCX silver futures contract ended the day with a gain of Rs 3,692 - or 5.14 per cent - at Rs 75,585.

Gold Rate Today: The MCX gold contract settled at Rs 55,808 for the day, up Rs 710 - or 1.29 per cent - from its previous close.

In Delhi, the price of petrol stood at Rs 80.43 per litre and that of diesel at Rs73.56 per litre, according to notifications from Indian Oil Corporation.

Silver Price Today: At 4:52 pm, the MCX silver futures contract quoted at Rs 72,287, up Rs 2,490 or 3.57 per cent from its previous close.