Spot gold markets shut due to lockdown in major states to prevent spread of coronavirus
Spot gold markets in India was on Monday shut due to lockdown in major states to prevent the spread of coronavirus, according to HDFC Securities
New Delhi: Spot gold markets in India was on Monday shut due to lockdown in major states to prevent the spread of coronavirus, according to HDFC Securities.
As the virus cases climbed, the central and state governments in the country decided to lock down 75 districts to break the chain of transmission.
The health ministry said states would earmark hospitals to exclusively treat coronavirus patients.
"Spot gold markets in India remained shut due to lockdown in major states to prevent spreading of COVID-19 infection. Gold futures at the MCX for April contract trade steadied near Rs 40,330 in the absence of spot markets despite sharp rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
In the international market, gold was trading flat at $1,493 per ounce and silver at $12.58 per ounce.
India logs 12,249 new COVID-19 cases, 13 deaths in last 24 hours; daily positivity rate jumps to 3.94%
Of the new COVID-19 cases recorded in last 24 hours, Maharashtra alone reported 3,659 infections, while in Delhi 1,383 people tested positive in a single day
India logs 12,847 new COVID-19 cases, 14 deaths in last 24 hours; Maharashtra, Kerala, Delhi report maximum infections
The number of new COVID-19 cases is 5.19 per cent higher than 12,213 fresh infections logged on Thursday. It is for the second consecutive day that India has been reporting more than 12,000 new cases in a single day
The Ministry of Health and Family Welfare (MoHFW) informed that 11 people died of coronavirus in the last 24 hours, increasing total casualties to 5,24,803