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Gold prices in India hit new highs for the second day in a row, tracking firm global rates. On MCX, June gold prices surged 0.7% to a new high of ₹47,700 per 10 gram.

Silver futures in India rose nearly 3% to 48,053 per kg, adding to Friday's ₹2,586 gain. Gold prices in India include 12.5% import duty and 3% GST.

In India, the government has eased some coronavirus-driven restrictions, allowing shops and markets including barber shops, salons and spas except those in malls to open with staggered timings and some safeguards.

In global markets, gold prices surged to over seven-year highs after US Federal Reserve chief warned that a full recovery of the US economy could drag through 2021 and depends on the delivery of a vaccine.

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United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
Deaths: 459 652
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Deaths: 608 235
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Deaths: 141 607
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Deaths: 237 619
Recovered: 0
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