Spot gold has risen 6% in one month, 11.7% in 3 months, 6.1% in 6 months. It was up 5% in January 2020, due to concerns over global slowdown. Similarly, Gold prices on MCX have risen 10.6% half-yearly, 13.1% in the last 3 months, and 6.6% in the last one month.

The yellow metal that was already gaining on the back of support from international spot gold today, later added further momentum after 15 new cases were reported, taking the total number of COVID-19 cases to 28 in the country.

On the Multi Commodity Exchange, Gold April 2020 Futures fell by Rs 1025 or 2.5% to 42,555 per 10 gm. On a similar note, Silver March contract also eased 1,165 points or 2.36% to Rs 48,240 per kg.

Spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds, traders said.

Gold prices jumped internationally as rising number of cases of coronavirus in China and city lockdowns there sparked concerns of a global outbreak.

Share Market Update: IndiGo, United Spirits, HDFC, Torrent Pharma, TTK Prestige among others will be releasing their Q3 results today

In global markets, gold traded near a 7-year high, with spot gold climbing above $ 1,600 an ounce and rising 2% to $1,610 per ounce.

Share Market Update: BSE S&P Sensex closed 51 points lower at 40,817 and NSE Nifty50 ended 27 points lower at 12,025.

Share Market Update: Domestic indices followed global markets that traded in the negative on Monday amid escalation in tensions in the Middle East

Share Market Update: Domestic indices followed global markets that erased early gains on Friday in wake of sharp spike in crude prices after a US strike eliminated a top Iranian commander.

In the international market, gold was trading at USD 1,466 an ounce and Silver at USD 16.86 per ounce in New York

With gold's value dropping Rs 2,000 from last month's high of Rs 40,000, this week could be the right time for stocking up on the yellow metal

Denting safe-haven appeal for gold, Saudi Arabia sought to reassure markets after the attack on Saturday halved its crude oil output, saying full production would be restored by the month's end.

The rally in gold prices could allure investors, but staying diversified to create a well-balanced portfolio is the way to long-term growth

The uncertainty on the US-China tariff war front, volatile oil market, murmurs of a recession, weak rupee and the falling interest rates climate have all fuelled demand for this safe haven asset

Gold price hike: The uncertainty on the US-China tariff war front, volatile oil market, murmurs of a recession, weak rupee and foreign funds outflow from India have all fuelled demand for this safe haven asset.

The Council predicts Indian demand for gold at 750-850 tonnes 2019, against 760 tonnes in 2018. The June quarter is expected to see brisk business on the back of the traditional wedding season buying and the Akshaya Tritiya festival.

Innovative and disruptive strategies are helping Kalyan Jewellers beat competition; now, it wants to more than double revenues and the number of stores in five years.