₹47,919 per 10 gram on Friday. Silver futures also finished up 1.5% higher at ₹48,598 per kg.Gold demand remained weak in other major Asian hubs though some analysts were hopeful that the market may be starting to recover.Globally, spot gold prices jumped 1% on Friday to close near $1,740 an ounce.
Fears of a second wave of coronavirus as economies open and expectations of more stimulus have driven gold prices higher. Gold prices have rallied about 15% in global markets this year as concerns of economic slowdown, coronavirus crisis and unprecedented amounts of government and central bank stimulus have boosted its safe haven status.