₹1000 per 10 gram in minutes after Pfizer Inc announced that its experimental covid vaccine was more than 90% effective in preventing COVID-19 based on initial data from a large study.
Pfizer and German partner BioNTech SE are the first drugmakers to show successful data from a large-scale clinical trial of a coronavirus vaccine.On MCX, December gold futures were down 2% or over ₹1,000 to ₹51165.00 per 10 gram while silver futures slumped 3.5% or ₹2205 to ₹63,130 per kg.
So far during today's session, gold traded in the range of ₹50677 to ₹52520 on MCX. In global markets, spot gold fell over 2% to $1,909.99 per ounce.The companies said they have found no serious safety concerns so far, and expect to seek U.S.