The pandemic has infected nearly 1 million people across the world and killed over 50,000 and forced countries to ensure restrictions and lockdowns to combat the outbreak.
Symbol: GOLD| Contract: Jun, 2020| Category: Bullion
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Gold's Latest News
Gold Price Today: At 4:36 pm, the gold futures contract (delivery on April 3) was up 0.57 per cent (Rs 245 per 10 grams) at Rs 43,500 per 10 grams.
Gold is considered an attractive investment during times of political or economic uncertainty. It is highly sensitive to interest rates, as lower rates reduce the opportunity cost of holding the non-yielding bullion.
Gold Rate Today: At 12:08 pm, the gold futures contract (delivery on April 3) was down 0.42 per cent (Rs 186 per 10 grams) at Rs 43,656 per 10 grams.
COVID-19 Lockdown: The pandemic has already driven the global economy into recession and countries must respond with "very massive" spending to avoid a cascade of bankruptcies and emerging market debt defaults, the head of the International Monetary Fund warned on Friday.
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