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Gold prices hit record high, surge about 50% in past one year

China Usa India Government crisis infection Coronavirus
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Gold prices in India surged to a record high in India on Friday, tracking strong gains in global markets. On MCX, gold futures surged as much as 1.6% to fresh high of ₹47,462 per 10 gram, overtaking previous high of ₹47,327, hit last month.

Silver prices also surged ₹2586 or about 6% to ₹46,721 per kg. Gold prices in India includes 12.5% import duty and 3% GST. Gold prices have surged about 50% in past one year in India amid rupee's depreciation against US dollar, US-China tensions and worries about deeper global recession amid the coronavirus crisis.

Indicating robust investor interest in gold, holdings with SPDR ETF, the world's biggest gold exchange traded fund rose to 1104.71 tonnes, highest since April 2013.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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